Please fast send
Dear Student
Regards
| Machinery A/c | |||||
|---|---|---|---|---|---|
| Dr. | Cr. | ||||
| Date | Particulars | Amount | Date | Particulars | Amount |
| Apr-01-14 | To bank (200000+20000) | 220000 | Mar-31-15 | By Depreciation A/c | 22000 |
| Mar-31-15 | By balance c/d | 198000 | |||
| 220000 | 220000 | ||||
| Apr -01-15 | To balance b/d | 198000 | Mar-31-16 | By depreciation A/c | 27000 |
| Sep-30-15 | To Bank A/c | 100000 | Mar-31-16 | By balance c/d | 271000 |
| 298000 | 298000 | ||||
| Apr -01-16 | To balance b/d | 271000 | Jan-01-17 | By bank | 90000 |
| Jan-01-17 | To profit on sale | 2500 | Jan-01-17 | By Depreciation A/c | 7500 |
| (100000-5000-7500-90000) | Mar-31-17 | By Depreciation A/c | 22000 | ||
| Mar-31-17 | By balance c/d | 154000 | |||
| 273500 | 273500 | ||||
| Depreciation A/c | |||||
|---|---|---|---|---|---|
| Dr. | Cr. | ||||
| Date | Particulars | Amount | Date | Particulars | Amount |
| Mar- 31-15 | By Machinery A/c | 22000 | Mar- 31-15 | By Profit & Loss A/c | 22000 |
| (220000*10%) | |||||
| 22000 | 22000 | ||||
| Mar- 31-16 | By Machinery A/c | 27000 | Mar- 31-16 | By Profit & Loss A/c | 27000 |
| (220000*10%)+(100000*10%*6/12) | |||||
| 27000 | 27000 | ||||
| Jan-01-17 | To Machinery A/c | 7500 | Mar- 31-17 | By Profit & Loss A/c | 29500 |
| (100000*10%*9/12) | |||||
| Mar-31-17 | To Machinery A/c | 22000 | |||
| 29500 | 29500 | ||||
Regards