Particulars | 31st March 2019 Amount (Rs.) | 31st March 2018 Amount (Rs.) |
Machinery (At cost) | 50,000 | 40,000 |
Accumulated Depreciation | 12,000 | 10,000 |
Capital | 35,000 | 30,000 |
Bank Loan | … | 10,000 |
During the year, a machine costing Rs. 10,000 was sold at a loss of Rs. 2,000. Depreciation on machinery charged during the year amounted to Rs. 6,000.
SOLUTION