1.

Question + From the following information provided by Rex Co. Ltd., you are required to prepare itsPlant and Machinery Account for the years 2017-2018 and 2018-19.The company charges depreciation a 10% per annum on the Straight Line Method.It closes its books of accounts on 31" March, every year.Date Particulars1/4/17 Balance standing in the Plant & Machinery Account1,00,000(Cost price of the plant in use was 3,00,000)1/4/17 Cost price of machine purchased10,0001/4/17 One machine which had cost 3,300, in the year 2004 andso was not in use, was sold as scrap for 2001/4/18 Cost price of machine purchased6,0001/4/18 One machine which had cost 4,000,'on l' April, 2014,was sold for 2.7001/10/18 Cost price of machine purchased8,000​

Answer»

It’s a SIMPLE question.
You just have to FOCUS on the MAIN POINTS.



Discussion

No Comment Found

Related InterviewSolutions