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28. On 1st April, 2012, Sonu Ltd. purchased a machinery for Rs.3,90,000 on which they spent Rs.5,000 for carriage, Rs.2,000 for brokerage of the middleman,
28. On 1st April, 2012, Sonu Ltd. purchased a machinery for Rs.3,90,000 on which they spent Rs.5,000 for carriage, Rs.2,000 for brokerage of the middleman, Rs.2,500 for installation and Rs.500 for an iron pad. On 1st November, 2013, they purchased another machinery for Rs.1,00,000 and immediately spent Rs.20,000 on its overhauling. On 30th Sept., 2014, the machinery purchased in 2012 was sold at a loss of Rs.1,27,800. The company charges depreciation @ 10 % p.a. on written down value basis. Accounts are closed on 31st March every year. (6)
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