On 1st October, 2016, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October, 2018, it buys additional machinery worth ₹ 10,000

On 1st October, 2016, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October, 2018, it buys additional machinery worth ₹ 10,000. On 30th September, 2019, half of the machinery purchased on 1st Oct., 2016, is sold for ₹ 8,200. The company writes off 10 percent p.a. on the original cost. The accounts are closed every year on 31st March.

Show the Machinery Account for four years.

[Ans. Loss on sale ₹ 5,800. Balance of Machinery A/c on 31st March, 2020, ₹ 21,500.]