8. From the following transactions of a concern, prepare the Machinery Account for the year ended 3lst March, 2024:

1st April, 2023 : Purchased a second-hand machinery for ₹ 40,000.

1st April, 2023 : Spent ₹ 10,000 on repairs for making it serviceable.

30th September, 2023 : Purchased additional new machinery for ₹ 20,000.

31st December, 2023 : Repairs and renewal of machinery ₹ 3,000.

31st March, 2024 : Depreciate the machinery at 10% p.a.

 

 

 

T.S.Grewal/2024 Edition/Practical Problems/Q-08

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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