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Std 11 Ekam Kasoti 2 Account Solution 29...

Std 11 Ekam Kasoti 2 Account Solution 29 December 2021 | Dhoran11 Ekam Kasoti 2 Solution Accountancy

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The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 {:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):} On April 01, 2015 a machinery which was purchased on January 01, 2012 for Rs . 2,00,000 was sold for Rs . 75,000. A new machine was purchased on July 01, 2015 for Rs . 6,00,000, Depreciation is provided on machinery at 20% p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.