Babu purchased on 1st April, 2021, a machine for ₹ 6,000. On 1st October, 2021, he also purchased another machine for ₹ 5,000. On 1st October, 2022, he sold the machine purchased on 1st April, 2021 for ₹ 4,000.
Depreciation is charged @ 10% p.a. following Diminishing Balance Method.
The accounts were closed on 31st March every year, prepare Machinery Account for the years ended 31st March, 2022 and 2023.