Why is it written in the cr side 2015 and why not 2014.i want a proper reason by an expert .its a conceptual question.
M/s Mehra and Sons acquired a machine for rs 1,80,000on oct 1, 2014 and spent rs 20,000 for its installation.The firm writes at the rate of depreciation of 10% on the originalcost every year. Prepare the machinery account fir first 3 yrs if the book of accounts closeson mar 31every year and firm charges depreciation to asset account .
I want the reason ....