In the Books of Harish Enterprise as on March 31,2015:
Plant gross value |
Rs.7,00,000 |
Provision for Depreciation |
Rs.1,00,000 |
A plant purchased for Rs.2,00,000 on November 01,2013 having accumulated depreciation amounted to Rs.80,000 was sold on April 01,2015 for Rs.40,000. Show the Plant A/c and Plant Disposal A/c for the year ended 31st March, 2016.
Asked by Topperlearning User
| 4th Aug, 2016,
01:26: PM
Books of Harish Enterprise Plant Account |
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Dr. |
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Cr. |
Date |
Particulars |
J.F. |
Amount Rs. |
Date |
Particulars |
J.F. |
Amount Rs. |
2015 |
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2015 |
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Apr 1 |
To Balance b/d |
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7,00,000 |
Apr 1 |
By Plant Disposal A/c |
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2,00,000 |
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2016 |
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Mar 31 |
By Balance c/d |
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5,00,000 |
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7,00,000 |
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7,00,000 |