Question Description
On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.?.

Solutions for On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? in English & in Hindi are available as part of our courses for Class 11. Download more important topics, notes, lectures and mock test series for Class 11 Exam by signing up for free.

Here you can find the meaning of On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? defined & explained in the simplest way possible. Besides giving the explanation of On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.?, a detailed solution for On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? has been provided alongside types of On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? theory, EduRev gives you an ample number of questions to practice On 01-01-2014, a firm purchased machine costing 80000. On 01-07-2016 it sold the machine for rs 60000 and on same date a new machine was purchased for rs 20000. Depreciation was charged annually @ 10% per annum on straight line method. Accounts are closed on 31st March every year. Show machinery account and Depreciation account for first four years.? tests, examples and also practice Class 11 tests.