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On April 01, 2019 Jain & Sons purchased a second hand plant costing ₹ 2,00,000 and spent ₹ 10,000 on its overhauling. He also spent ₹ 5,000 on transportation and installation of the plant.December 15, 2025
A limited company purchased on 01-01-2022 a plant for ₹ 38,000 and spent ₹ 2,000 for carriage and brokerage. On 01-04-2023 it purchased additional plant costing ₹ 20,000December 15, 2025
Ashoka Ltd. bought a machine on 1st April, 2020 for ₹ 2,40,000 and spent ₹ 4,000 on its carriage and ₹ 6,000 towards installation costDecember 15, 2025
A Company purchased a machinery for ₹ 50,000 on 1st Oct., 2016. Another machinery costing ₹ 10,000 was purchased on 1st Dec., 2017. On 31st March, 2019, the machinery purchased in 2016 was sold at a loss of ₹ 5,000December 15, 2025
Urja industries Ltd. purchased on 1st January, 2016, a machinery for ₹ 1,60,000. On 1st April, 2017, it purchased additional machinery costing ₹ 96,000December 15, 2025
A firm purchased on 1st April, 2021, a second-hand Machinery for ₹ 3,20,000 and spent ₹ 40,000 on its installation. However, it started functioning on 1st June, 2021December 15, 2025
A Company purchased a second-hand machine on 1st April, 2022, for ₹ 30,000 and immediately spent ₹ 4,000 on its repair and ₹ 1,000 on its installationDecember 15, 2025
A plant is purchased for ₹ 2,70,000 on 1st April, 2021. Installation charges paid on the plant is ₹ 30,000. It is estimated that the residual value of this plant at the endDecember 15, 2025
From the following transactions of a concern, prepare Machinery Account for the year ending 31st March, 2023December 15, 2025
On 1st April, 2020, Plant and Machinery was purchased for ₹ 1,20,000. New machinery was purchased on 1st Oct., 2020, for ₹ 50,000 and on 1st July, 2021, for ₹ 25,000December 15, 2025
On 1st October, 2016, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October, 2018, it buys additional machinery worth ₹ 10,000December 15, 2025
Bhushan & Company purchased a Machinery on 1st April, 2019, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2020, it purchased another machine for ₹ 30,000.December 15, 2025
Abhinandan Ltd. bought a machinery on 1st August, 2017, costing ₹ 90,000. It purchased further machinery on 1st December, 2017 costing ₹ 60,000 and on 1st October, 2018 it bought machine costing ₹ 40,000December 15, 2025
On 1st January, 2020, A Ltd. Purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st July, 2020 an additional machinery costing ₹ 1,00,000 was purchasedDecember 15, 2025
A Ltd. purchased a machine for ₹ 5,00,000 on 1st April, 2022. Further addition were made on 1st October 2022 and on 1st July 2023 for ₹ 4,00,000 and ₹ 3,00,000 respectively.December 15, 2025
