4. On 1st January, 2020, A Ltd. Purchased a machine for ₹2,40,000 and spent ₹10,000 on its erection. On 1st July, 2020 an additional machinery costing ₹1,00,000 was purchased. On 1st July, 2022 the machine purchased on 1st January, 2020 was sold for ₹1,43,000 and on the same date, a new machine was purchased at a cost of ₹2,00,000.

Show the Machinery Account for the first three calendar years after charging depreciation at 5% p.a. by the Straight-Line Method.

 

D.K.Goel/2024 Edition/Practical Questions/Q-04

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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