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On which part we should give more attention while preparing
balence-sheet.
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Answer Posted / natasha bhardwaj
it is not nessarary to judge that on which part we should give more attenton. u could select that part which u like or which is easy to u or u can select that part also in which items are less given or u can handle the adjusments first so that u ll not miss any item bcz it it is mostly seen that students forges to write some adjusments.
Thank u
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EXPAND___________NBFCS
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
