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Books of Mumbai Chemicals Ltd. showed the following balances on 1st April, 2012: Machinery A/c Rs 10,00,000 Provision for Depriciation A/c Rs 4,05,000 On 1st April, 2012, a machine which had a cost of Rs 2,00,000 on 1st Oct, 2009 was sold for Rs 80,000. The firm writes off depriciation @ 10% pa. under the reducing balance method and its accounts are made up on 31st March every year. You are required to prepare the machinery account and provision for depriciation account for the year ending 31st March, 2013.

Answer» SORRY I don't KNOW about this


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