Following balances exist in the books of Amrit as on 1st April, 2022 Machinery A/c 60,000 Provision for Depreciation A/c 36,000
Following balances exist in the books of Amrit as on 1st April, 2022:
| 2022 1st April |
Machinery A/c Provision for Depreciation A/c |
60,000 36,000 |
On 1st April, 2022, they sold a machinery for ₹ 8,400 which was purchased on 1st April, 2018 for ₹ 16,000.
You are required to prepare the Machinery A/c, Provision for Depreciation A/c and Machinery Disposal A/c for the year ended 31st March, 2023. Depreciation was charged at 10% on Cost following SLM.
Anurag Pathak Changed status to publish October 25, 2023
