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Questions and Answers
What is the amount of depreciation charged on the Machinery Mart account in the first year?
What is the amount of depreciation charged on the Machinery Mart account in the first year?
1,01,374
What is the balance brought down in the Machinery Mart account on 31st March 2011?
What is the balance brought down in the Machinery Mart account on 31st March 2011?
4,05,498
What is the amount of depreciation charged on the Machinery Mart account in the second year?
What is the amount of depreciation charged on the Machinery Mart account in the second year?
81,100
What is the journal entry to record the sale of investment?
What is the journal entry to record the sale of investment?
What is the amount of interest charged in the first year?
What is the amount of interest charged in the first year?
What is the balance carried down in the Machinery Mart account on 31st March 2012?
What is the balance carried down in the Machinery Mart account on 31st March 2012?
What is the provision for depreciation created in the first year?
What is the provision for depreciation created in the first year?
What is the amount of depreciation charged on the Machinery Mart account in the third year?
What is the amount of depreciation charged on the Machinery Mart account in the third year?
What is the journal entry to record the re-possession of machinery?
What is the journal entry to record the re-possession of machinery?
What is the amount of interest charged in the second year?
What is the amount of interest charged in the second year?
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