Paras associates purchased a machine on 1 October 2016 for 1800000. depreciation was charged 10 percent on reducing value method . one third of the machinery was sold on 1 jan 2018 for 450000 and purchased another machinery on that day. It further sold the remaining machinery in 2016 for 800000 on 31 Aug 2018 another machinery was purchased on 1 October 2018 for 500000. prepare machinery account for three accounting years when the books are closed on 31 March every year. accounyancy

Paras associates purchased a machine on 1 October 2016 for 1800000. de

1.	Paras associates purchased a machine on 1 October 2016 for 1800000. depreciation was charged 10 percent on reducing value method . one third of the machinery was sold on 1 jan 2018 for 450000 and purchased another machinery on that day. It further sold the remaining machinery in 2016 for 800000 on 31 Aug 2018 another machinery was purchased on 1 October 2018 for 500000. prepare machinery account for three accounting years when the books are closed on 31 March every year. accounyancy
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