14.46Double Entry Book Keeping-CBSE XIM/s. P & Q purchased machinery for 40,000 on 1st October, 2013. Depreciation isprovided 10% p.a, on the Diminishing Balance. On 31st January, 2016, one-fourth of themachinery was found unsuitable and disposed off for 5,600. On the same date newmachinery at a cost of 15,000 was purchased. Write up the Machinery Account for theyears ended 31st March, 2014, 2015 and 2016. The accounts are closed on 31st MarchLoss on Sale of Machinery2,237; Balance in Machinery Alc*37,835

14.46Double Entry Book Keeping-CBSE XIM/s. P & Q purchased machinery f

1.	14.46Double Entry Book Keeping-CBSE XIM/s. P & Q purchased machinery for 40,000 on 1st October, 2013. Depreciation isprovided 10% p.a, on the Diminishing Balance. On 31st January, 2016, one-fourth of themachinery was found unsuitable and disposed off for 5,600. On the same date newmachinery at a cost of 15,000 was purchased. Write up the Machinery Account for theyears ended 31st March, 2014, 2015 and 2016. The accounts are closed on 31st MarchLoss on Sale of Machinery2,237; Balance in Machinery Alc*37,835
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