Prepare Machinery Account for the years 2007 to 2011. On 30th June 2007, a business man purchased machinery for Rs. 10,000 and spent on its installation Rs. 1000. It charged depreciation @ 10% annually according to Fixed Instalual method of charging depreciation. On 30-6-2009, he added another machinery costing Rs. 8,000. On 30-6-2011, the machinery purchased on 30-6-2007 was sold for Rs. 5,000.

Prepare Machinery Account for the years 2007 to 2011. On 30th June 2007, a business man purchased machinery for Rs. 10,000 and spent on its installation Rs. 1000. It charged depreciation @ 10% annually according to Fixed Instalual method of charging depreciation. On 30-6-2009, he added another machinery costing Rs. 8,000. On 30-6-2011, the machinery purchased on 30-6-2007 was sold for Rs. 5,000.

Name: (e) Discount Allowed column of Cash Book wasovercast by Rs. 75.() Sal
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Description: (e) Discount Allowed column of Cash Book wasovercast by Rs. 75.() Sales Book was under cast by Rs. 550.Prepare Machinery Account for the years 2007to 2011.On 30th June 2007, a business man purchasedmachinery for Rs. 10,000 and spent on itsinstallati

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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