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» <html><body><p><br/></p>Answer :(i) <a href="https://interviewquestions.tuteehub.com/tag/debit-945425" style="font-weight:bold;" target="_blank" title="Click to know more about DEBIT">DEBIT</a> <a href="https://interviewquestions.tuteehub.com/tag/side-1206832" style="font-weight:bold;" target="_blank" title="Click to know more about SIDE">SIDE</a> , (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) Credit side ; (<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>) Debit side ; (iv) Credit side ; (<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>) Credit side ; Balance of Machinery Account - ₹ 23,000.</body></html>

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