Date | Machinery | Machinery 2 | Machinery 3 | Total depreciation |
1.4.01 | 32000 | | | |
1.10.01 | | 16000 | | |
Depreciation @10% | 3200 | 1800 | | 4000 |
1.4.02 | 28800 | 15200 | | |
31.3.2003 | | | 20000 | |
Depreciation @10% | 2880 | 1520 | | 4400 |
1.4.03 | 25920 | 13680 | 20000 | |
Depreciation @10% | 2592 | 1368 | 2000 | 5960 |
31.3.01/1.4.04 | | 12312 | | |
Sold | | 12000 | | |
| | 312 Loss | | |
1.4.04 | 23328 | | 18000 | |
DATE | PARTICULARS | AMOUNT | DATE | PARTICULARS | AMOUNT |
1.4.01 | To balance b/d | Nil | 31.3.02 | By depreciation account | 4000 |
1.10.01 | To cash / bank account | 15000 | | | |
1.10.01 | To cash bank account | 1000 | | | |
| | | 31.3.02 | By balance c/d | 44000 |
| | 48000 | | | 48000 |
1.4.02 | To balance b/d | 44000 | 31.3.03 | By depreciation account | 4400 |
31.3.03 | To cash / bank account | 20000 | | | |
| | | 31.3.03 | By balance c/d | 59600 |
| | 64000 | | | 64000 |
1.4.03 | To balance b/d | 59600 | 31.3.04 | By depreciation account | 5960 |
| | | 31.3.04 | By cash bank account | 12000 |
| | | 31.3.04 | By profit / loss account | 312 |
| | | 31.3.04 | By balance c/d | 41328 |
| | 59600 | | | 59600 |
1.4.04 | To balance b/d | 41328 | | | |