Find the SI on Rs. 1800 from 21st Feb 2003 to 12th April 2003 at 7.3% rate per annum.
What will be the simple interest on a sum of Rs 1820 from March 11, 2003 to May 23, 2003 at 7.5% rate?
“Vinod” Engineering Works purchased a machine on 1st April 2001 for Rs.1,80,000 and spent Rs.20,000 on its installation.
On 1st January 2002, it purchased another machine for Rs.2,40,000. On 1st July 2003, the machine purchased on 1st April, 2001 was sold for Rs.1,45,000. On 1st October, 2003 another machine was purchased for Rs.4,00,000.
Prepare Machinery Account from 2001 to 2003 after charging depreciation @ 10% p.a. by diminishing balance method. Accounts are closed on 31st December every year.