Question 4 Pg n Mr. X purchased 10 trucks at 9,00,000 each on 1st April 2018. On October 1st, 2020, one of the trucks is involved in an accident and is completely destroyed and 5,40,000 is received from the insurance in full settlement. On the same date another truck is purchased by the company for the sum of 10,00,000. The company write off 20% on the original cast per annum. The company observe the calendar year as its financial year. Give the motor truck account for two year ending 31 Dec, 2021.

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