On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000. On 1st January, 2022 a new plant was purchased for ₹ 3,00,000. Depreciation is provided @ 10% p.a. by Diminishing Balance Method. The books are closed on 31st March every year. Prepare Plant Account and Provision for Depreciation Account for the relevant years.

Anurag Pathak Changed status to publish October 24, 2023