Following balances exist in the books of Rama Bros.
Following balances exist in the books of Rama Bros.:
| 1st April, 2022 | Machinery Account Provision for Depreciation Account | 80,000 36,000 |
On 1st April, 2022, they sold a machine for ₹ 8,700. This machine was purchased for ₹ 16,000 in April, 2018. You are required to prepare Provision for Depreciation Account and Machinery Account on 31st March, 2023, the depreciation being charged @ 10% p.a. by Straight Line Method.
Anurag Pathak Changed status to publish October 24, 2023
