From the following information provided by Rex Co. Ltd. Prepare Machinery Account for three financial years endingg 31st March, 2019. The company charges depreciation @ 10% per annum on the Straight Line Method. It closes its books of accounts on 31st March, every year. (8) Date Particulars Rs. 1/10/16 1/10/16 1/1/17 30/6/17 30/6/17 Purchase of second-hand machines purchased Spent on overhauling the second-hand machines purchased New Machine purchased One-third of the machines purchased on 1st October, 2016, was sold at a loss of Rs. 18,000. New Machine purchased 3,00,000 30,000 1,80,000 90,000
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this is the machinery a/c for requested years.
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