34. On 1st June, 2017, Kedarnath Ltd. purchased a machinery for ₹27,00,000. Depreciation is provided @ 10% p.a. on diminishing balance method and the books are closed on 31st March each year. On 1st October, 2019, a part of the machinery purchased on 1st June, 2017 for ₹6,00,000 was sold for ₹3,50,000 and on the same date another machinery was purchased for ₹8,00,000. You are required to show (i) Machinery A/c, (ii) Provision for Dep. A/c, and (ii) Machinery Disposal A/c.

D.K.Goel/2024 Edition/Practical Questions/Q-34

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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