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On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme?
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On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kira...
1. Machinery Account

Date Particulars Amount (Rs.) Date Particulars Amount (Rs.)
1-Apr-12 To Asha Company (Sale of Machinery) 2,54,000 31-Mar-13 By Depreciation (20% on 2,03,200) 40,640
31-Mar-13 By Kiran Company (Installment) 60,000 31-Mar-14 By Depreciation (20% on 1,62,560) 32,512
31-Mar-14 By Kiran Company (Installment) 60,000 31-Mar-15 By Depreciation (20% on 1,30,048) 26,010
31-Mar-15 By Kiran Company (Installment) 60,000 31-Mar-16 By Depreciation (20% on 1,04,038) 20,808
31-Mar-16 By Kiran Company (Installment) 60,000 31-Mar-17 By Depreciation (20% on 83,230) 16,646
31-Mar-17 By Kiran Company (Installment) 60,000 31-Mar-18 By Depreciation (20% on 66,584) 13,317
31-Mar-18 By Kiran Company (Installment) 60,000 31-Mar-19 By Depreciation (20% on 53,267) 10,653
31-Mar-19 By Kiran Company (Installment) 60,000 31-Mar-20 By Depreciation (20% on 42,613) 8,523
31-Mar-20 By Kiran Company (Installment) 60,000 31-Mar-21 By Depreciation (20% on 34,091) 6,818
31-Mar-21 By Kiran Company (Installment) 60,000 31-Mar-22 By Depreciation (20% on 27,273) 5,455
31-Mar-22 By Kiran Company (Installment) 60,000 31-Mar-23 By Depreciation (20% on 21,818) 4,364
31-Mar-23 By Kiran Company (Installment) 60,000 31-Mar-24 By Depreciation (20% on 17,455) 3,491
31-Mar-24 By Kiran Company (Installment) 60,000 31-Mar-25 By Depreciation (20% on 13,964) 2,793
31-Mar-25 By Kiran Company (Installment) 60,000 31-Mar-26 By Depreciation (20% on 11,171) 2,234
31-Mar-26 By Kiran Company (Installment) 60,000 31-Mar-27 By Depreciation (20% on 8,937) 1,787
31-Mar-27 By Kiran Company (Installment) 60,000 31-Mar-28 By Depreciation (20% on 7,149) 1,430
31-Mar-28 By Kiran Company (Installment) 60,000 31-Mar-29 By Depreciation (20% on 5,719) 1,144
31-Mar-29
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On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme?
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On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? 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 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme?.
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Here you can find the meaning of On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? defined & explained in the simplest way possible. Besides giving the explanation of On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme?, a detailed solution for On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? has been provided alongside types of On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? theory, EduRev gives you an ample number of questions to practice On 1 April 2012 Asha company ltd. sold machinery worth Rs.254000/ Kiran company ltd. on installment system. An amount of Rs.64000/- is paid on delivery and the balance in equal installment of Rs.60000/- each payable annually on 31 March. Ash Company charged at 10% interest p.a. on unpaid balance. Provide depreciation on mach y at the rate of 20% on the reducing balance method. Prepare the following account. 1. Machinery account 2. Asha Company account & Interest Suspense account Manageme? tests, examples and also practice B Com tests.
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