Open a 'T' shape account for machinery and put the following transactions on the proper side : {:(,,,"₹") , ((i) , "Machinery purchased" ,, 40"," 000), ((ii), "Machinery sold" ,, 10 "," 000), ((iii) , "Machinery purchased",, 8","000) , ((iv) , "Machinery discarded" ,, 14 "," 000) , ((v) , "Depreciation on machinery",, 1"," 000):}

Open a 'T' shape account for machinery and put the following transacti

1.	Open a 'T' shape account for machinery and put the following transactions on the proper side : {:(,,,"₹") , ((i) , "Machinery purchased" ,, 40"," 000), ((ii), "Machinery sold" ,, 10 "," 000), ((iii) , "Machinery purchased",, 8","000) , ((iv) , "Machinery discarded" ,, 14 "," 000) , ((v) , "Depreciation on machinery",, 1"," 000):}
Answer» Answer :(i) DEBIT SIDE , (II) Credit side ; (III) Debit side ; (iv) Credit side ; (V) Credit side ; Balance of Machinery Account - ₹ 23,000.

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