Cash from sale of machinery equals the sale price, which is Rs. 12,000 (as given directly in the problem). The other data (book value, depreciation, opening/closing balances) is extraneous for this specific calculation.
Calculate the amount of cash from sale of machinery from the following items : A machine costing Rs. 20,000 having book value of Rs. 15,000 is sold…
CUET UG 2023 — Accountancy Financial Statements
2023mcqeasy
Calculate the amount of cash from sale of machinery from the following items :
A machine costing Rs. 20,000 having book value of Rs. 15,000 is sold for Rs. 12,000 and depreciation charged during the year was Rs. 8,000. The opening and closing balance in machinery account was Rs. 1,80,000 and Rs. 1,72,000 respectively.
Official previous-year question
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs. 12,000
- B
Rs. 20,000
- C
Rs. 18,000
- D
Rs. 8,000
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