From the following information of Vas Ltd prepare Machinery Account for three years ending Mar 31,…
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From the following information of Vas Ltd prepare Machinery Account for three years ending Mar 31, 2009, by providing depreciation @ 20% p.a. under Straight Line Method
Date
Transactions
Rs
Apr 1, 2006
Purchased a second hand machinery I
1,20,000
Apr 1, 2006
Repairs on it
30,000
Oct 1, 2006
Purchased a new machinery II
3,00,000
Apr 1, 2007
Spent repairs on machine II
3,000
Sep 30, 2008
Sold machinery I
67,500
Sep 30, 2008
Purchased a new machinery III
4,50,000
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