FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASAP!! (d) On 1.04.2020, the balance of Machinery Account9,28,000. It was discovered during 2020-2021 that 1,00,000 being the cost of generator purchased on 1st Oct,

image text in transcribedASAP!!

(d) On 1.04.2020, the balance of Machinery Account9,28,000. It was discovered during 2020-2021 that 1,00,000 being the cost of generator purchased on 1st Oct, 2018 had been written off to Stores. After rectification and depreciation @ 20% p.a. on reducing balances, Calculate the balance of Machinery A/c as at 31.03.2021. [4 Marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Auditing A Complete Guide

Operational Auditing A Complete Guide

Authors: Gerardus Blokdyk

2019 Edition

0655515879, 978-0655515876

More Books

Students also viewed these Accounting questions

Question

★★★★★
Determine the x, y, z components of internal loading in the rod at point D. Units Used: kN = 103 N Given: M = 3kN m F = (7 -12 -5) kN a = 0.75 m b = 0.2 m c = 0.2 m d = 0.6 m e = 1 m

Answered: 1 week ago

Question

★★★★★
In Exercises 11 through 14, p = S(q) is the price (dollars per unit) at which q units of a particular commodity will be supplied to the market by producers, and q 0 is a specified level of...

Answered: 1 week ago

Question

★★★★★
=+28.3. 23.71 Suppose that N, Y ,, Y ,,... are independent, the Y ,, have a common distribution function F, and N has the Poisson distribution with mean a. Then S =Y1 + . . . + YN has the compound...

Answered: 1 week ago

Question

★★★★★
Outside Environment, Inc. provides commercial landscaping services in San Diego. Sasha Cairns, the firms owner, wants to develop cost estimates that she can use to prepare bids on jobs. After...

Answered: 1 week ago

Question

★★★★★
ASAP!! (d) On 1.04.2020, the balance of Machinery Account9,28,000. It was discovered during 2020-2021 that 1,00,000 being the cost of generator purchased on 1st Oct, 2018 had been written off to...

Answered: 1 week ago

Question

★★★★★
s0 3 23 s0 3 23

Answered: 1 week ago

Question

★★★★★
Based on these concepts below, provide some literature reviews that can support these concepts. Supply and demand: This concept refers to the relationship between the quantity of a product that...

Answered: 1 week ago

Question

★★★★★
Question 3 This question applies to parts 1-10. It contains drop-down multiple choice and numerical questions. Not answered Consider a world in which there are only two dates: 0 and 1. At date 1...

Answered: 1 week ago

Question

★★★★★
Why is the ability to be persuasive in communicating verbally or in written form as important as ever at work?Explain

Answered: 1 week ago

Question

★★★★★
Futura Company purchases the 55,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $12.10 per unit. Due to a reduction in output, the company now has...

Answered: 1 week ago

Question

★★★★★
match the following: i. Controller ii. CFO iii. Treasurer iv. CEO 1. explains earnings results and forecasts to shareholders as well as media 2. Manages internal accounting systems, prepares...

Answered: 1 week ago

Question

★★★★★
List the various sources from which job applicants can be drawn, their relative advantages and disadvantages, and the methods for evaluating them. page 206

Answered: 1 week ago

Question

★★★★★
Analyze an organizations structure and work-flow process, identifying the output, activities, and inputs in the production of a product or service. page 147

Answered: 1 week ago

Question

★★★★★
Discuss the roles and activities of a companys human resource management function. page 5

Answered: 1 week ago

Previous Question Next Question