Pk traders purchased on 1st April 2017 a machinery for range 3,00,000. Additional machinery was purchased on 1st July 2019 for Rs 1,80,000 . The machinary on 1st April 2018 was sold for 2,42,000 on 30th June 2020. Depreciation is provided @10% per annum under straight line method prepare machinery a/c provision for depreciation a/c till 31st March 2021.​
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