Pls ans this again Last time, depreciation for new machine was calculated for 6 months which is wrong one, - Accountancy - Cash Flow Statement

Question

Pls ans this again Last time, depreciation for new machine was
calculated for 6 months which is wrong one, so kindly ans it again
pls mam

Shruti Mishra · Accepted Answer

Solution :-

Income and Expenditure Account

Expenditure
Amount
Income
Amount

To Salaries 31,000
(+) O/s Salaries: 4,000

35,000
By Donations
41,800

To Loss on sale of Furniture
[2,000 - 800]

1,200
By Subscription: 73,000
(+) Arrears: 2,000

75,000

To Depreciation on Machinery
[1,00,000 x 6/100]

6,000

To Surplus
74,600

1,16,800

Expenditure	Amount	Income	Amount
To Salaries 31,000 (+) O/s Salaries: 4,000	35,000	By Donations	41,800
To Loss on sale of Furniture [2,000 - 800]	1,200	By Subscription: 73,000 (+) Arrears: 2,000	75,000
To Depreciation on Machinery [1,00,000 x 6/100]	6,000
To Surplus	74,600
	1,16,800		1,16,800

Pls ans this again. Last time, depreciation for new machine was calculated for 6 months which is wrong one, so kindly ans it again pls mam