Date | Machinery | Machinery 2 | Machinery 3 | Total depreciation |
1.1.76 | 20000 | | | |
1.7.76 | | 10000 | | |
Depreciation @10% | 2000 | 500 | | 2500 |
1.1.77 | 18000 | 9500 | | |
Depreciation @10% | 2000 | 1000 | | 3000 |
1.1.78 | 16000 | 8500 | | |
Depreciation @10% | 1000 | | | 1000 |
30.6.78/1.7.78 | 15000 | | | |
Sold | 12000 | | | |
| 3000 Loss | | | |
1.7.78 | | | 16000 | |
Depreciation @10% | | 1000 | 800 | 1800 |
1.1.79 | | 7500 | 15200 | |
DATE | PARTICULARS | AMOUNT | DATE | PARTICULARS | AMOUNT |
1.1.76 | To cash / bank account | 19400 | 31.12.76 | By depreciation account | 2500 |
1.1.76 | To cash/ bank account | 600 | | | |
1.7.76 | To cash bank account | 10000 | 31.12.76 | By balance c/d | 27500 |
| | 30000 | | | 30000 |
1.1.77 | To balance b/d | 27500 | 31.12.77 | By depreciation account | 3000 |
| | | 31.12.77 | By balance c/d | 24500 |
| | 27500 | | | 27500 |
1.1.78 | To balance b/d | 24500 | 1.7.78 | By depreciation account | 1000 |
1.7.78 | To cash/bank account | 16000 | 1.7.78 | By cash / bank account | 12000 |
| | | 1.7.78 | By profit / loss account | 3000 |
| | | 31.12.78 | By depreciation account | 1800 |
| | | 31.12.78 | By balance c/d | 22700 |
| | 40500 | | | 40500 |
1.1.79 | To balance b/d | | | | |
| | | | | |