10. On 1st April, 2020, Gurman Toys purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2020, an additional machinery costing ₹ 1,00,000 was purchased. On 1st October, 2022, the machine purchased on 1st April, 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 four financial years after charging Depreciation at 5% p.a. by the Straight-Line Method.

 

T.S.Grewal/2024 Edition/Practical Problems/Q-10

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

error: Content is protected !!