From the following information of Vas Ltd prepare Machinery Account for three years ending Mar 31, 2009, by providing depreciation @ 20% p.a. under Straight Line Method
|
Date |
Transactions |
Rs |
|
Apr 1, 2006 |
Purchased a second hand machinery I |
1,20,000 |
|
Apr 1, 2006 |
Repairs on it |
30,000 |
|
Oct 1, 2006 |
Purchased a new machinery II |
3,00,000 |
|
Apr 1, 2007 |
Spent repairs on machine II |
3,000 |
|
Sep 30, 2008 |
Sold machinery I |
67,500 |
|
Sep 30, 2008 |
Purchased a new machinery III |
4,50,000 |