Home / Questions / Vinod Engineering works purchased a machine on 1stApril 2011 for Rs.180000 and spent Rs.20...
Vinod Engineering works purchased a machine on 1stApril, 2011 for Rs.1,80,000and spent Rs.20,000 on its installalation.On 1st January 2012, it purchased another machine for Rs.2,40,000. On 1st July2013, the machine purchased on 1st April, 2011 was sold for Rs.1,45,000. On 1stOctober, 2013 another machine was purchased for Rs.4,00,000.Prepare Machine account from 2011 to 2013 after charging depreciation @ 10%p.a. by Dimnishing balance method.Accounts are closed on 31st December every year.
May 21 2020 View more View Less
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