Question

7. From the following transactions of
concern, prepare the Machinery Account
for the year ending 31 st March, 2017:
1.4.17
Purchased a second-hand
machinery for Rs. 40,000
1.4.17
Spent Rs.10,000 on repairs
for making it serviceable.
30.9.17
Purchased additional new
machinery for Rs.20,000
31.12.17
Repairs and renewals of
machinery Rs.3,000.
31.3.18
Depreciate the machinery
at 10% per annum.​

Answer 1

Answer:

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Explanation:

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