Laxmi limited purchased machinery for 40000
Web24 nov. 2024 · Calculation of Purchase and sales Price Purchase Price = Purchases goods – Trade Discount Purchase Price = 50,000 – 15% = Rs.42,500 Sales Price = Goods Sold + Profit – trade discount Sales Price = 42,500 + 25% – 10% = Rs.47,812.50 Question 4. Journalise the following transactions in the books of Bhushan Agencies: Web1 aug. 2024 · The machine purchased on 1 st July, 2024 was sold on 31 st May, 2024 for Rs. 12,20,000. Depreciation is charged by the company @ 15% per annum on written …
Laxmi limited purchased machinery for 40000
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http://www.laxmientps.com/about.htm Web22 nov. 2024 · Reliance Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each. Assume …
WebOn January 1, 2013, Brazillia Company purchased for P4,800,000 a machine with a useful life of ten years and a residual value of P200,000. The machine was depreciated by the double declining balance and the carrying amount of the machine was P3,072,000 on December 31, 2014. The entity changed to the straight line method on January 1, 2015. Web(i) Laxmi Ltd purchased the assets of Shri Ram Ltd for Rs. 5,00,000, payable Rs. 1,00,000 in cash and the balance by issue of 7% debentures of Rs. 100. Pass necessary journal …
Web1 apr. 2024 · Discover historical prices for LAXMIMACH.NS stock on Yahoo Finance. View daily, weekly or monthly format back to when Lakshmi Machine Works Limited stock … WebDepreciation of an Asset: Problem and Solution # 1. On 1st July, 2008 a company purchased a machine for Rs 3,90,000 and spent Rs 10,000 on its installation. It decided to provide depreciation @ 15% per annum, using written down value method. On 30th November, 2011 the machine was dismantled at a cost of Rs 5,000 and then sold for Rs …
WebLAKSHMI MACHINE WORKS LTD. - 500252 - Announcement under Regulation 30 (LODR)-E… LAKSHMI MACHINE WORKS LTD. - 500252 - Announcement under …
WebGanga Ltd. purchased a machinery on January 01, 2014 for ₹ 5,50,000 and spent ₹ 50,000 on its installation. On September 01, 2014 it purchased another machine for ₹ 3,70,000. On May 01, 2015 it purchased another machine for ₹ 8,40,000 (including installation expenses). is a second covid booster being recommendedWebClick here👆to get an answer to your question ️ X Ltd. Purchased a machine on 1st Jan for Rs. 2,40, 000. Installation expenses were Rs. 20,000. Residual value after 5 years Rs. 10,000. On 1st July expenses for repairs were incurred to the extent of Rs. 4,000. Depreciation is provided under straight line method. Depreciation for 4th year will be: om relationships in sap hrWeb10 mrt. 2024 · Lakshmi Limited purchase of machinery for rupees 40000 on 14th October 2009 depreciation provided @ 10% per annum on the diminishing balance method on 1st … is a second degree burn osha recordableWebClick here👆to get an answer to your question ️ X Ltd. Purchased a machine on 1st Jan for Rs. 2,40, 000. Installation expenses were Rs. 20,000. Residual value after 5 years Rs. … om reishi powderWebCertain machinery which was purchased for ₹ 50,000 on 1st October, 2016 was sold for ₹ 40,000 on 30th September, 2024. Prepare the Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2024. Depreciation is charged @ 10% p.a. on Straight Line Method. Also, show the Machinery Disposal … is a second covid booster recommendedWebX Ltd. purchased assets of Rs. 8,40,000 and purchase consideration was paid by the issue of debentures at 5% Premium. Pass Journal entry. Sol.8 Journal Entries Q9. What … is a second season of gilded age coming outWeb21 jun. 2024 · On 1st April, 2014, A Ltd. purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2014 an additional machinery costing ₹ 1,00,000 … omreport chassis pwrsupplies