(e) Discount Allowed column of Cash Book was overcast by Rs. 75. () Sales Book was under cast by Rs. 550. Prepare Machinery Account for the years 2007 to 2011. On 30th June 2007, a business man...

Extracted text: (e) Discount Allowed column of Cash Book was overcast by Rs. 75. () Sales Book was under cast by Rs. 550. Prepare Machinery Account for the years 2007 to 2011. On 30th June 2007, a business man purchased machinery for Rs. 10,000 and spent on its installation Rs. 1000. It charged depreciation @ 10% annually according to Fixed Instalual method of charging depreciation. On 30-6-2009, he added another machinery costing Rs. 8,000. On 30-6-2011, the machinery purchased on 30-6-2007 was sold for Rs. 5,000. ЕСО-2 3