XYZ Ltd. purchased a machinery of Rs. 25,000 on 01/04/2014. After 3 months on 01/07/2014
another machinery has been bought for Rs. 5,000. The machinery purchased on 01/04/2014
became obsolete and sold at a loss of 25% at book value on 01/04/2016. Depreciation is
charged @ 10% according to Straight Line Method.
Prepare Machinery A/C of XYZ Ltd. upto 01/04/2016 .
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