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On July1,2009 granites Ltd purchased second hand machine for 40,000 and reconditioned the same by spending 6,000 on January 2021 a new Machine was purchased for 24,000.on June 30,2011 the machine purchased on January 1,2010 was sold for 16,000 and another machine was installed at a cost of 30,000 the company writen off 10% on original cost every year on march 31.show the machinery account up to 31st march?
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On July1,2009 granites Ltd purchased second hand machine for 40,000 an...
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Machinery Account






















































































Date Particulars Amount Date Particulars Amount
July 1, 2009 Purchase of second-hand machine 40,000
Reconditioning expenses 6,000
Jan 1, 2021 Purchase of new machine 24,000
Total amount 70,000
Less: Depreciation @10% p.a. March 31, 2010 Depreciation A/c 4,000
Depreciation for 9 months (July 1, 2009 to March 31, 2010) 3,000 Balance c/d 63,000
Depreciation for the year (2010-11) 7,000 June 30, 2011 Sale of old machine 16,000
Total depreciation 10,000 Less: WDV of old machine 5,000
Balance c/d 60,000
Total amount 70,000
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On July1,2009 granites Ltd purchased second hand machine for 40,000 an...
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On July1,2009 granites Ltd purchased second hand machine for 40,000 and reconditioned the same by spending 6,000 on January 2021 a new Machine was purchased for 24,000.on June 30,2011 the machine purchased on January 1,2010 was sold for 16,000 and another machine was installed at a cost of 30,000 the company writen off 10% on original cost every year on march 31.show the machinery account up to 31st march?
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On July1,2009 granites Ltd purchased second hand machine for 40,000 and reconditioned the same by spending 6,000 on January 2021 a new Machine was purchased for 24,000.on June 30,2011 the machine purchased on January 1,2010 was sold for 16,000 and another machine was installed at a cost of 30,000 the company writen off 10% on original cost every year on march 31.show the machinery account up to 31st march? 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 July1,2009 granites Ltd purchased second hand machine for 40,000 and reconditioned the same by spending 6,000 on January 2021 a new Machine was purchased for 24,000.on June 30,2011 the machine purchased on January 1,2010 was sold for 16,000 and another machine was installed at a cost of 30,000 the company writen off 10% on original cost every year on march 31.show the machinery account up to 31st march? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On July1,2009 granites Ltd purchased second hand machine for 40,000 and reconditioned the same by spending 6,000 on January 2021 a new Machine was purchased for 24,000.on June 30,2011 the machine purchased on January 1,2010 was sold for 16,000 and another machine was installed at a cost of 30,000 the company writen off 10% on original cost every year on march 31.show the machinery account up to 31st march?.
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