26.On 1st April 2020, Banglore Silk Ltd. purchased a machinery for 20,00,000. It provides depreciation at 10% p.a. on the Written Down Value Method and closes its books on 31st March every year. On 1st July 2022, a part of the machinery purchased on 1st April 2020 for 4,00,000 was sold for 3,20,000. On 1st November 2022, a new machinery was purchased for 4,80,000. You are required to prepare Machinery Account, Depreciation Account and Provision for Depreciation Account for three years ending 31st March 2023

D.K.Goel/2024 Edition/Practical Questions/Q-26

For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company

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