A manufacturing concern whose books are closed on 31st March, purchased a machinery for Rs. 50,000 on
Question:
A manufacturing concern whose books are closed on 31st March, purchased a machinery for Rs. 50,000 on 1st April, 2002. Additional machinery was acquired for Rs. 10,000 on 1st October, 2003 and for Rs. 16,000 on 1st April, 2006. The machinery purchased for Rs. 10,000 on 1st October, 2003 was sold for Rs. 5,000 on 30th September, 2005. Prepare Machinery Account for five years writing off depreciation at 10% per annum on written down value method.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
Question Posted: