Prepare Machinery Account, Provision for Depreciation Account and MachineryDisposal Account for the year ended 31st March, 2020.21. Journalise the following transactions in the books of M/s Vinod :2019Jan. 1Purchased goods from Karan for * 4,00,000 at a trade discount of 10%plus CGST and 8GST @ 9% each.Jan. 5Sold goods to Vikas costing * 40,000 at 25% above cost, less tradediscount of 10% plus CGST and SGST @ 6% each and a cash discountof 5%. Vikas did not avail the cash discount.Jan. 15Paid salary of ? 20,000 to Manik who provides 60% of his services tobusiness and rest for domestic service of M/s Vinod.Jan. 20Purchased machinery for 3,40,000 plus IGST @ 18% by taking loanof 2,00,000 from SBI bank and balance paid by cash.Jan. 22Goods given as charity costing * 5,000, sale price 6,000, CGST andSGST @ 6% each was paid at the time of purchase of such goods,Sold goods to Sanjeev for * 50,000, less 10% trade discount plus CGSTand SGST @ 9% each. Received cheque for the amount.Jan. 25Jan. 27Bought shares of "Reliance Ltd." for * 1,00,000. All the payment ismade by sheque.Electricity expenses 1,000 paid by cheque.Jan. 29​