Vineet Kumar asked in AccountancyOn 1st july 1990 Raj & company pu

1.	Vineet Kumar asked in AccountancyOn 1st july 1990 Raj & company purchased machinery worth ruppee 40,000 . On 1st july 1992 it buys additional machinery worth ruppee 10,000 . On 30th june 1993 half of the machinery purchased on 1st july 1990 is sold for ruppee 8,200 . The company writes off 10 per cent p.a. on the original cost . The accounts are closed every year on 31st december
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Vineet Kumar asked in AccountancyOn 1st july 1990 Raj & company purchased machinery worth ruppee 40,000 . On 1st july 1992 it buys additional machinery worth ruppee 10,000 . On 30th june 1993 half of the machinery purchased on 1st july 1990 is sold for ruppee 8,200 . The company writes off 10 per cent p.a. on the original cost . The accounts are closed every year on 31st december

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