Sanjay Purchased a Machinery for ₹ …

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Sanjay Purchased a Machinery
for ₹ 4, 00,000 on 1st July 2018. Depreciation is charged at 15%
p.a. by Written down value method. Account are closed on 31st December every year. Pass the
necessary Journal entries and prepare Machinery A/c for the year 2018 and 2019.
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