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The following data is given to you regarding the asset- Plant of Tinu Ltd. whose accounting year ends on 31st December every year. Plant held on 1.1.2006-₹10,000 Plant bought on 1.1.2007 – ₹20,000 Plant bought on 1.4.2007 – ₹30,000Plant held on 1.1.2006 sold on 1.4.2007 – ₹7000 Depreciation @ 10% p.a. on original cost method. Prepare Plant A/c. |
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Answer» Calculation of loss of sale of plant
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