The image contains an accounting ledger. The question is to extract the accounting entries and present them in a structured format.

Economics
The image contains an accounting ledger. The question is to extract the accounting entries and present them in a structured format.

ScanSolve AI Answer

Here is the completed Machine Account based on the provided image and standard accounting principles.

Assumptions:

  • The depreciation method is Written Down Value (WDV) at 10% per annum.
  • The machine purchased on 1-1-2065 (M1) was sold on 31-12-2067.
  • The machine purchased on 1-7-2067 (M2) is a new acquisition.

Step 1: Calculate depreciation and book value for Machine 1 (M1) up to the date of sale.

  • Original Cost of M1 (1-1-2065) = Rs. 5,00,000
  • Depreciation for
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