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Pass Journal Entry If Debenture Is
Pass Journal Entry If Debenture Is
10
A company purchased a machine ( second hand ) for Rs. 8,000 on 1st April 2008. They spent Rs.
3,500 on its overhauling and installation. Depreciation is written off at 10% per annum on the
original cost. On 30th June 2008, the machine was sound unsuitable and sold for Rs. 6,500.
Prepare machine account from 2008 to 2011, assuming accounts are closed on 31st December
every year.
Question # 4
10
Question # 5
10
A company purchased a machine ( second hand ) for Rs. 8,000 on 1st April 2008. They spent Rs.
3,500 on its overhauling and installation. Depreciation is written off at 10% per annum on the
original cost. On 30th June 2008, the machine was sound unsuitable and sold for Rs. 6,500.
Prepare machine account from 2008 to 2011, assuming accounts are closed on 31st December
every year.