J.90, 2018-19=7 4. From the following transactions of a concern, prepare the Machinery Account for theended 31st March, 2019:1st April, 2018 : Purchased a second-hand machinery for 40,000.1st April, 2018 : Spent 10,000 on repairs for making it serviceable.30th September, 2018 : Purchased additional new machinery for 20,000.31st December, 2018 : Repairs and renewal of machinery 3,000.31st March, 2019 : Depreciate the machinery at 10% p.a.[Balance of Machinery Alc on 1st April, 2019-64.000[Hint: The amount spent on repairs and renewal of machinery 3,000 on 31st Decembe2018 is of revenue nature and not of capital nature and hence not debited to theMachinery Account.]

J.90, 2018-19=7 4. From the following transactions of a concern, pre

1.	J.90, 2018-19=7 4. From the following transactions of a concern, prepare the Machinery Account for theended 31st March, 2019:1st April, 2018 : Purchased a second-hand machinery for 40,000.1st April, 2018 : Spent 10,000 on repairs for making it serviceable.30th September, 2018 : Purchased additional new machinery for 20,000.31st December, 2018 : Repairs and renewal of machinery 3,000.31st March, 2019 : Depreciate the machinery at 10% p.a.[Balance of Machinery Alc on 1st April, 2019-64.000[Hint: The amount spent on repairs and renewal of machinery 3,000 on 31st Decembe2018 is of revenue nature and not of capital nature and hence not debited to theMachinery Account.]
Answer» it WILLIAM is the WRONG ANS it William is CORRECT

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