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Home / Doubts and Solutions/CBSE/Class 12 Commerce/Accountancy

Mahesh limited took over Assets of 940000 and liabilities 140000 of ram Ltd. agreed value of 780000 maneesh  Ltd. paid to ram Ltd by issue of equity shares of 100 each at a premium of 20% ?  

Asked by Www.sachinmehta147 13th March 2021, 10:41 AM
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A Company purchased a machine costing ? 60,000 on 30th June, 2017. It further purchased machinery costing 40,000 on 1 April, 2018. It purchased another machine of 30,000 on 30th June, 2018. On 1.4.2019 the company sold 1/5th of the machinery (purchased on 30.6.2017) at ? 2000 and 2/3rds of the machiner purchased on 1 April, 2018 was sold for 10,000. Rate of depreciation is 10% p.a. under diminishin balance method. Company closes its accounts on 31* March every year. Prepare necessary ledger accounts for the period from 1.4.2017 to 31.3.2020.
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question is in attachment
31st January 2022, 2:23 PM
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