A Ltd. purchased the following machines On 1st April, 2020 ₹ 40,000 On 1st October, 2020 ₹ 20,000 On 1st January, 2021 ₹ 10,000

Anurag Pathak
October 24, 2023
Depreciation

981 viewsOctober 24, 2023Depreciation

Anurag Pathak 24.17K October 24, 2023 0 Comments

A Ltd. purchased the following machines:

On 1st April, 2020 On 1st October, 2020 On 1st January, 2021

₹ 40,000 ₹ 20,000 ₹ 10,000

Depreciation was provided @ 10% p.a. under Written Down Value Method (Diminishing Balance Method). The machine purchased on 1st October, 2020 was sold on 30th June, 2021 at ₹ 15,000. Show necessary Ledger Account in the books of A Ltd. if accounts are closed on 31st March every year.

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