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

Machinery sold for Rs. 180000 on 30/04/2016

What is Profit on sale of Fixed Assets?

View Answer

Pass Entries for Depreciation

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

View Answer

Entries For Depreciation for 2nd year (1/04/2015 to 30/04/2016)

View Answer

Entries For Depreciation for one month (1/04/2015 to 30/04/2016)

View Answer

Entries For Sale of Fixed asses accumulated method

View Answer
  1. Accounts and Finance
  2. Step 3 Passing Book Closure Entries

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .