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.