0
0 Comments

You are given the following balances as on April 1, 2015:

Machinery Account Rs. 500000-6

Provision for Depreciation Rs. 1,16000-3

Depreciation is charged on Machinery at 20 percent per annum as per DBM. A piece of machinery was purchased on April 1, 2013 for Rs 100000 was sold on October 15, 2015 for Rs 60000. However company follows a policy of not charging the Depreciation in the year of sale. Prepare Machinery Account and Provision for depreciation account for the year ending 31 2016.

This Question is marked as a private, only admin and post author can see.
Chitransh Asked question 1 second ago
Add a Comment