37. A limited company purchased on 01-01-2017 a plant for ₹38,000 and spent ₹2,000 for carriage and brokerage. On 01-04-2018 it purchased additional plant costing ₹20,000. On 01-08-2019 the plant purchased on 01-01-2017 was sold for ₹25,000. On the same date, the plant purchased on 01-04-2018 was sold at a profit of ₹2,800. Depreciation is provided @10% per annum on diminishing balance method every year. Accounts are closed on 31st December every year. Show the plant A/c for 3 years.
D.K.Goel/2024 Edition/Practical Questions/Q-37
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
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