Check sibling questions

Machinery purchased on 1/04/2014 for Rs.200000 depreciation@10% (SLM)

Machinery sold for Rs. 130000 on 30/04/16

What is Loss on sale of Fixed Assets?

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Pass Entries for Depreciation

Entry for depreciation 1st year(1/04/2014 to 31/3/2015)

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Entries For Depreciation for 2nd year (1/04/2015 to 31/03/2016)

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Entries For Depreciation for one month (1/4/2016 to 30/04/2016)

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Entries For Sale of Fixed assets

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.