Answer / satyaki_raju@yahoo.com

GOvernment of India

Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

0 Answers  

---

Define Busines entity concept?

5 Answers   ACS,

---

A person pays and EMI of $750 to a bank,the EMI included $400 of principle amount pass journal entry

3 Answers  

---

What is a Balance Sheet & Profit & Loss Account?

0 Answers  

---

HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

3 Answers  

---

What is deferred revenue Expenditure.

2 Answers   Indiabulls, Wipro,

---

wat s brs?

7 Answers   Ford,

---

what is the journal entry for tax refund?

28 Answers   Firm, HSBC, Rahman Industries, Taj Group,

---

what is amortisation of intangible assets?

2 Answers  

---

Expand---------DCAB

1 Answers  

---

Demat Account is compulsory for share trading as per the law?

4 Answers   IBS,

---

what is the definition of derivative, what is a security?

3 Answers   Broadridge, Wipro,

---