Q3] Kanchan Trading Centre. Dadar, purchased a Computer on 1st April 2015 For Rs 50,000. In the same year on 1st Oct additional Computer was purchased for Rs 20,000 .On 1st Oct 2016 the Computerpurchased on 1st April 2015 was sold for Rs 40,000 and on the same date newComputer was purchased for Rs 24,000. Their charge depreciation at 8% p.a on Reducing Balance Method. Prepare Computer A/c and Depreciation A/c for the first three (3) years assuming that the accounting year close on 31st March every year.
