From the following information of Vas Ltd prepare Machinery Account for three years ending Mar 31,…

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From the following information of Vas Ltd prepare Machinery Account for three years ending Mar 31, 2009, by providing depreciation @ 20% p.a. under Straight Line Method

Date

Transactions

Rs

Apr 1, 2006

Purchased a second hand machinery I

1,20,000

Apr 1, 2006

Repairs on it

30,000

Oct 1, 2006

Purchased a new machinery II

3,00,000

Apr 1, 2007

Spent repairs on machine II

3,000

Sep 30, 2008

Sold machinery I

67,500

Sep 30, 2008

Purchased a new machinery III

4,50,000

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