From the following transactions of a firm, prepare Machinery Account for the year ended 31st March, 2022: Purchased second-hand machinery for ₹ 40,000
From the following transactions of a firm, prepare Machinery Account for the year ended 31st March, 2022:
| 1st April, 2021 | Purchased second-hand machinery for ₹ 40,000. |
| 1st April, 2021 | Spent ₹ 10,000 on repairs for making it serviceable. |
| 30th September, 2021 | Purchased additional new machinery for ₹ 20,000. |
| 31st December, 2021 | Repairs and renewals of machinery ₹ 3,000. |
| 31st March, 2022 | Depreciate the machinery at 10% p.a. |
Anurag Pathak Changed status to publish October 24, 2023
