Question Description
S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021?.

Solutions for S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? 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 S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? defined & explained in the simplest way possible. Besides giving the explanation of S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021?, a detailed solution for S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? has been provided alongside types of S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? theory, EduRev gives you an ample number of questions to practice S Company Ltd. purchased a machinery on 1st July, 2018 costing₹ 30,000 plus IGST @ 12%. It purchased further machinery on 1st January, 2019 costing 20,000 and on 1st October, 2019 costing₹10,000 plus IGST @ 12%. On 1st April, 2020, one-third of the machinery installed on 1st July, 2018 became obsolete and was sold for ₹3,000.Show how Machinery Account would appear in the books of the company, it being given that machinery was depreciated by Fixed Instalment Method at 10% per annum. What would be the balance on Machinery Account on 1st April, 2021? tests, examples and also practice UPSC tests.