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· Question 8: On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2018, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2018.?
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Star Ltd. Machine Transactions and Analysis

Introduction:
In this analysis, we will examine the machine transactions of Star Ltd. from 1st April, 2015 to 1st October, 2018. The company purchased 5 machines for ₹ 60,000 each on 1st April, 2015. Subsequently, one machine was sold at a loss of ₹ 8,000 on 1st April, 2017, and another machine was sold at a loss of ₹ 12,500 on 1st July, 2018. Additionally, a new machine was purchased for ₹ 1,00,000 on 1st October, 2018. Let's delve deeper into these transactions and analyze their impact on the company's financials.

Machine Purchase:
On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. The total cost of the machines would be ₹ 3,00,000 (5 machines * ₹ 60,000 per machine). These machines would be classified as assets on the company's balance sheet and would contribute to its productive capacity.

Machine Sale on 1st April, 2017:
One of the machines purchased on 1st April, 2015, was sold on 1st April, 2017, at a loss of ₹ 8,000. This transaction would result in a decrease in the company's assets and a loss on the income statement. The machine's carrying value would be reduced by ₹ 8,000, and the loss would be recorded as an expense.

Machine Sale on 1st July, 2018:
Another machine was sold on 1st July, 2018, at a loss of ₹ 12,500. Similar to the previous transaction, this sale would lead to a reduction in assets and a loss on the income statement. The carrying value of the machine would be decreased by ₹ 12,500, and the loss would be recognized as an expense.

Purchase of a New Machine on 1st October, 2018:
On 1st October, 2018, Star Ltd. purchased a new machine for ₹ 1,00,000. This transaction would increase the company's assets by ₹ 1,00,000. The new machine would be classified as an asset on the balance sheet and would contribute to the company's productive capacity.

Conclusion:
In summary, Star Ltd. made multiple machine transactions between 1st April, 2015 and 1st October, 2018. They initially purchased 5 machines for ₹ 60,000 each, subsequently sold two machines at a loss of ₹ 8,000 and ₹ 12,500, and finally purchased a new machine for ₹ 1,00,000. These transactions affected the company's balance sheet by changing the value of its assets and contributed to losses recorded on the income statement.
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· Question 8: On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2018, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2018.?
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· Question 8: On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2018, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2018.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about · Question 8: On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2018, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2018.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for · Question 8: On 1st April, 2015, Star Ltd. purchased 5 machines for ₹ 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2018, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2018.?.
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