Question :
From the Following information what will be the amount of asset purchased during the year?
Particulars
Closing
Opening
Machinery (At cost)
690000
600000
Accumulated Depreciation
90000
60000
Additional information: During the year a machine coating Rs.50,000 with accumulated depreciation Rs.32,000 was sold for Rs.20,000.
Option 1: Rs.1,40,000
Option 2: Rs.1,20,000
Option 3: Rs.1,65,000
Option 4: None of the above
Correct Answer: Rs.1,40,000
Solution : Machinary Account
Hence the correct answer is option 1.
Calculate Operating ratio
Calculate Cash Flow From Investing
On the basis of following information
Question : M & N were partners. They decided to dissolve their firm on 31st march 2022. The balance sheet of the firm is given below. M undertook to pay Mrs. M Loan and took over 40% of the stock and 70% of machinery at a discount of 15%.The Value at which asset is taken over by
Following is the extract From the
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