InterviewSolution
Saved Bookmarks
| 1. |
From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2018: 1st April, 2017 : Purchased a second-hand machinery for ₹ 40,000 1st April, 2017 : Spent ₹ 10,000 on repairs for making it serviceable. 30th September, 2017 : Purchased additional new machinery for ₹ 20,000. 31st December, 2017 : Repairs and renewals of machinery ₹ 3,000. 31st March, 2018 : Depreciate the machinery at 10% p.a. |
|||||||||||||||
Answer» From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2018:
|
||||||||||||||||