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On 1st April, 2007 Manas Ltd. purchased 10 machines of 30,000 each. On 30th June 2008, one machine out of the 10 machines purchased on 1st April 2007, was sold for 24,000 and on 31st Dec. 2009 one more machine was sold for 22,500. A new machine was purchased on 30th Sept. 2012 for 32,000. The company has adopeted the practice of providing depreciation at 10% p.a. on original cost of machine. The company closes its books on 31st March every year. You are required to prepare Machinery Account upto 31st March 2011.

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Vardaan Rai Malhotra Asked question 1 second ago