On 1st July, 1990, Raj & Co. purchased Machinery worth Rs. 40,000. On 1st July, 1992, it
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On 1st July, 1990, Raj & Co. purchased Machinery worth Rs. 40,000. On 1st July, 1992, it buys additional Machinery worth Rs. 10,000. On 30th June, 1993, half of the machinery purchased on 1st July, 1990, is sold for Rs. 8,200. the company writes off 10 per cent per annum on the original cost. The accounts are closed every year on 31st December.
Show the Machinery Account for four years.
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