Rate of depreciation was 10% on original cost annually on 31 Marcon SECTION - Answer any FOUR of the following : (4x12=48) 8. Bowes C a sum of Rs 6,000. On 1 April 2011 he gives a promissory note for the amount for 3 months to who gets it discounted with his bankers for Rs 5,760. On the due date the bill is dishonoured, the bank paying Rs 15 as nating charges. Then pays Rs 2,000 in cash and accepts a bill of exchange drawn on him for the balance together with its 100 as interest. This bill of exchange is for 2 months and on the due date the bill is again dishonoured, playing Rs 15 for noting charges draft the journal entries to be passed in C S books. 9. x Co.Ltd purchased a machine on 1" April, 2008 for Rs 1,60,000. On October 1, 2009 another machine was purchased for Rs 1,40,000. On October 1, 2010 the first machine was sold for Rs 1,20,000. On the same date, another machine was purchased for Rs 1,00,000. On October 1, 2011 the second machine was sold for its 92,000. Contul...2 Scanned with CamScanner G351.1 Page.. 2 March, 2011 the method of charging depreciation was changed to diminishing balance method, the rate being 1546 Prepare Machine Account for the years ending 31" March, 2009, 2010, 2011, and 2012