22. A company purchased a machine for ₹ 50,000 on 1st October, 2021. Another machine costing ₹ 10,000 was purchased on 1st December, 2022. On 31st March, 2024, the machine purchased in 2021 was sold at a loss of ₹ 5,000. The company charges depreciation @ 15% p.a. on Diminishing
Balance Method. Accounts are closed on 31st March every year. Prepare the Machinery Account for 3 years.
T.S.Grewal/2024 Edition/Practical Problems/Q-22
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.