Paras associates purchased a machine on 1 October 2016 for 1800000. depreciation was charged 10 percent on reducing value method . one third of the machinery was sold on 1 jan 2018 for 450000 and purchased another machinery on that day. It further sold the remaining machinery in 2016 for 800000 on 31 Aug 2018 another machinery was purchased on 1 October 2018 for 500000. prepare machinery account for three accounting years when the books are closed on 31 March every year.

Paras associates purchased a machine on 1 October 2016 for 1800000. de

1.	Paras associates purchased a machine on 1 October 2016 for 1800000. depreciation was charged 10 percent on reducing value method . one third of the machinery was sold on 1 jan 2018 for 450000 and purchased another machinery on that day. It further sold the remaining machinery in 2016 for 800000 on 31 Aug 2018 another machinery was purchased on 1 October 2018 for 500000. prepare machinery account for three accounting years when the books are closed on 31 March every year.
Answer» PARAS ASSOCIATES purchased a machine on 1 October 2016 for 1800000. depreciation was charged 10 percent on reducing value method . one third of the machinery was sold on 1 JAN 2018 for 450000 and purchased another machinery on that day. It further sold the remaining machinery in 2016 for 800000 on 31 Aug 2018 another machinery was purchased on 1 October 2018 for 500000. prepare machinery account for three accounting years when the books are closed on 31 MARCH every year

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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