Date | Machinery | Machinery 2 | Machinery 3 | Total depreciation |
1.4.04 | 40000 | 40000 | | |
1.10.04 | | | 40000 | |
Depreciation @10% | 4000 | 4000 | 2000 | 10000 |
1.4.05 | 36000 | 36000 | 38000 | |
Depreciation @10% | 3600 | 3600 | 3800 | 11000 |
1.4.06 | 32400 | 32400 | 34200 | |
Depreciation @10% | 1620 | | | 1620 |
30.9.06/1.10.06 | 30780 | | | |
SOLD | 18780 | | | |
| 12000 Loss | | | |
Depreciation @10% | | 3240 | 3420 | 6660 |
1.4.07 | | 9160 | 30780 | |
DATE | PARTICULARS | AMOUNT | DATE | PARTICULARS | AMOUNT |
1.4.04 | To cash / bank account | 40000 | 31.3.05 | By depreciation account | 10000 |
1.4.04 | To cash / bank account | 40000 | | | |
1.10.04 | To cash / bank account | 40000 | 31.3.05 | By balance c/d | 110000 |
| | 120000 | | | 120000 |
1.4.05 | To balance b/d | 110000 | 31.3.06 | By depreciation account | 11000 |
| | | 31.3.06 | By balance c/d | 99000 |
| | 110000 | | | 110000 |
1.4.06 | To balance b/d | 99000 | 1.10.06 | By depreciation account | 1620 |
| | | 1.10.06 | By cash/bank account | 18780 |
| | | 1.10.06 | By profit / loss account | 12000 |
| | | 31.3.07 | By depreciation account | 6660 |
| | | 31.3.07 | By balance c/d | 59940 |
| | 99000 | | | 99000 |
1.4.07 | To balance b/d | 59940 | | | |
| | | | | |