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A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.?.

Solutions for A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? defined & explained in the simplest way possible. Besides giving the explanation of A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.?, a detailed solution for A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? has been provided alongside types of A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? theory, EduRev gives you an ample number of questions to practice A Firm purchased an old Machinery for ₹ 37,000 on 1st January, 2020 and spent 3.000 an old Machining On 1st July 2021, another machine pias purchased for 10.000. On 1st July 2022, the machinery which was purchased on 1st January 2020, was sold for 28,000 and the same day a new machinery costing 225,000 was purchased. On 1st July, 2023,the machine which wating chased on 1st July, 2021 was sold for 2,000. Depreciation is charged @ 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1st January, 2021 and the rate was increased to 15% per annum. The books are closed on 31st December every year.Prepare Machinery account for four years from 1st January, 2020.? tests, examples and also practice UPSC tests.