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Q.no.17 Depreciation chapter of Dr S.K.Singh 9 дней назад


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Q.no.17 Depreciation chapter of Dr S.K.Singh

Questions no.17 The following balances appear in the books of M/s Gupta Sons as on 1st April, 2021: Plant & Machinery Account. 500000 Accumulated depreciation Account 2,25,000 The plant and machinery was depreciated @10% p.a by the straight line method and the accounting year of the firm closes every year on 31st March.On 1st October,2021, plant and machinery which was purchased on 1st July 2018 for ₹100000 was sold for ₹42000 and on the same date a fresh plant and machinery was purchased for ₹200000. Prepare the plant and machinery Account and Accumulated depreciation Account for the year 2021-22.

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