On 1st April, 2015, machinery was purchased for Rs
80,000. On 1st April, 2016 new machinery costing Rs
40,000 was purchased. On 30th June, 2017, machinery purchased on 1st April, 2015 was sold for Rs 65,000 and on 30th September, 2017 machinery purchased on 1st April, 2016 was sold for Rs 26,750. On 1st October, 2017 another machinery for Rs 50,000 was acquired. On 1st October, 2018 new machinery costing Rs 40,000 was purchased. Depreciation was charged "@ "10% p.a. on the Diminishing Balance Method. Prepare Machinery Account for your years ending on 31st March, 2019. ON 1.1.11 machinery was purchased for ` 80,000. On 1.7.12 additions were made to the amount of ` 40,000. On 31.3.2013, machinery purchased on 1.7.2012, costing ` 12,000 was sold for ` 11,000 and on 30.06.2013 machinery purchased on 1.1.2011 costing ` 32,000 was sold for ` 26,700. On 1.10.2013, additions were made to the amount of20,000. Depreciation was provided at 10% p.a. on the Diminishing Balance Method. Show the Machinery Accounts for three years from 2011-2013. (year ended 31st December)
. Show the Machinery Accounts for three years from 2011-2013. (year ended 31st December)