`{:("Following balances appear in the books of X Ltd. as on 1st April, 2018: ",₹),( "Machinery A/c","5,00,000"),("Provision for Depreciation A/c","2,25,000"):}`
The machinery is depreciated `"@ "10%` p.a. on the Fixed Instalment Method. The accounting year being April-March. On 1st October, 2018, a machinery which was purchased on 1st July, 2015 for Rs 1,00,000 was sold for Rs 42,000 plus CGST and SGST `"@ "6%` each and on the same date a new machine was purchased for Rs 2,00,000 paying IGST`"@ "12%`. Prepare Machinery Account and Provision for Depreciation Account for the year ended 31st March, 2019.