AB ltd. purchased machinery on 1st April 2015 for Rs. 80,000 by cheque On 1st October 2016, it purchased another machinery for rs. 50,000 On 1st October 2017 first machinery was sold on a loss rs. 12,000 and another purchased machine Rs. 60,000 on the same date. Deprication was to be written of @ 10% p.a on straight line method. Prepare plant and machinery account for the year ending 31st March 2016, 2017, and 2018.
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50,000 On 1st October 2017 first machinery was sold on a loss rs. 12,000 and another purchased
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