Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 23

Que. 1 : Q1) A machine purchases for Rs.70,000 on 01.04.2007 depreciated at 5% p.a. under Diminishing Balance Method. What is the value of machine as on 01.04.2010.    1.  a) 42563.85    2.  b) 50000.24    3.  c) 60046.25    4.  d) 70035.36 Que. 2 : Q2) The tax to be charged to Profit and Loss account is ________ which include current Tax plus […]