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Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012?
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Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciatio...
Machinery Account





































Date Particulars Amount Balance
1-1-2010 To Bank A/c 200000 200000
31-12-2010 To Depreciation (25% of 200000) 50000 150000
31-12-2011 To Depreciation (25% of 200000) 50000 100000
31-12-2012 To Depreciation (25% of 200000) 50000 50000
31-12-2012 To Bank A/c (Sale of Machinery) 40000 10000


Sinking Fund Account































Date Particulars Amount Balance
1-1-2010 To Bank A/c 50000 50000
31-12-2010 To Interest Received 5000 55000
31-12-2011 To Interest Received 5500 60500
31-12-2012 To Interest Received 6050 66550


Sinking Fund Investment Account
















Date Particulars Amount Balance
1-1-2010 To Bank A/c 50000 50000
31-12-2010 To Investment in Sinking Fund
Community Answer
Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciatio...
50000 profit
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Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012?
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Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012?.
Solutions for Himal trader purchased machinery on 1-1-2010 for rs 200000.Depreciation rate is 25% p.a under straight line method.sinking fund method is adopted for measuring depreciation .return on sinking fund investment is 10 %p.a.On 31-12-2012the machinery was sold for 40000.prepare machinery account,sinking fund account,and sinking fund investment account for 2010 to 2012? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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