The following balances appear in the books of Satish Bros. on 1st April, 2022 Machinery Account ₹ 1,00,000 Accumulated Depreciation Account ₹ 36,000
The following balances appear in the books of Satish Bros. on 1st April, 2022:
|
Machinery Account Accumulated Depreciation Account |
₹ 1,00,000 ₹ 36,000 |
On 1st April, 2022, they decided to dispose off a machinery for ₹ 8,000 which was purchased on 1st April, 2019 for ₹ 20,000. Prepare Machinery Account and Accumulated Depreciation Account for 2022-23. Depreciation was charged @ 10% p.a. on written Down Value basis.
Anurag Pathak Changed status to publish October 24, 2023
