B Com Exam  >  B Com Questions  >  On 1st April 2010, Gama Ltd. purchased a mach... Start Learning for Free
On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.?
Most Upvoted Answer
On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spe...
Machine Account


Machine Purchased in 2010


  • Cost of machine: Rs. 390000

  • Installation cost: Rs. 10000

  • Total cost: Rs. 400000

  • Depreciation for 2010-2011: Rs. 40000

  • Depreciation for 2011-2012: Rs. 36000 (10% of written down value i.e. Rs. 360000)

  • Sold on 30th September 2012 at a loss of Rs. 127800



Machine Purchased in 2011


  • Cost of machine: Rs. 100000

  • Overhauling cost: Rs. 20000

  • Total cost: Rs. 120000

  • Depreciation for 2011-2012: Rs. 12000

  • Depreciation for 2012-2013: Rs. 10800 (10% of written down value i.e. Rs. 108000)



Calculation of Written Down Value


  • Written Down Value of the machine purchased in 2010 on 1st April 2011: Rs. 360000

  • Written Down Value of the machine purchased in 2010 on 1st April 2012: Rs. 324000

  • Written Down Value of the machine purchased in 2011 on 1st April 2012: Rs. 108000

  • Written Down Value of the machine purchased in 2011 on 1st April 2013: Rs. 97200



Machine Account













































DateParticularsAmount (Rs.)Balance (Rs.)
01/04/2010Machine A/C Dr.400000400000
01/04/2011Depreciation A/C Dr.40000360000
01/04/2012Depreciation A/C Dr.36000324000
30/09/2012Loss on Sale of Machine A/C Dr.127800196200
01/11/2011Machine A/C Dr.120000316200
01/04/2012Depreciation A/C Dr.12000304200
01/04
Community Answer
On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spe...
Explore Courses for B Com exam

Similar B Com Doubts

On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.?
Question Description
On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.?.
Solutions for On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? defined & explained in the simplest way possible. Besides giving the explanation of On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.?, a detailed solution for On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? has been provided alongside types of On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? theory, EduRev gives you an ample number of questions to practice On 1st April 2010, Gama Ltd. purchased a machine for Rs.390000 and spent Rs.10000 for its installation , on 1st November 2011, company purchased another machine for Rs.100000 and spent Rs. 20000 on its overhauling on 30th September 2012, the machine purchased in 2010 was sold at the loss of Rs.127800 . The company charges depreciation @10%p.a. on written down value basis. Prepare machine account upto 31st March 2013.? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev