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20.6.You are given the following balances as on April 1, 2019 :Machinery Alc3,00,000Provision for Depreciation A/c90,000Depreciation is charged on machinery at 15% p.a. by Straight Line method. A pieceof machinery purchased on April 1, 2017 for 1,00,000 was sold on 1st October, 2019for 20.000 and a new machinery at the cost of 1,50,000 was purchased on thesame date.Prepare Machinery Account, Provision for Depreciation Account and MachineryDisposal Account for the year ended 31st March, 2020. |
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Answer» MACHINERY A/c To BALANCE b/d 30000 Explanation: DEPRECIATION a/c By balance b/d |
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