33. On 1st September 2016, Gopal Ltd. purchased a plant for ₹10,20,000. On 1st July 2017 another plant was purchased for ₹6,00,000. The firm writes off depreciation @ l0% p.a. on original cost and its accounts are closed every year on 31st March. On 1st October 2019, a part of the second plant purchased on 1st July 2017 for ₹1,80,000 was sold for ₹1,10,000. On 1st December 2019, another plant was purchased for ₹3,00,000.

Prepare Plant Account, Provision for Depreciation Account and Plant Disposal Account.

D.K.Goel/2024 Edition/Practical Questions/Q-33

For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company

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