9. On 1st April, 2020, Harish Traders purchased 5 machines for ₹ 60,000 each. On 1st April, 2022, one of the machines was sold at a loss of ₹ 8,000. On 1st July, 2023, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2023.
Prepare Machinery Account for 4 years, ending on 31st March, 2024. Depreciation is provided @ 10% per annum as per Straight Line Method.
T.S.Grewal/2024 Edition/Practical Problems/Q-09
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.