Answer Posted / atchuth
well this is atchuth.i have done my post gradudation in
financial finanmanagement.now iam pursing certified
financial planeeer from international college of financial
planing.i had around 3 years of accounts experience(i.e
domain experience) and in SAP i had around 3 yeras of
experience in implementation & support phase. right now iam
working with infosysis technologies ltd
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can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
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
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