Astha Engineering Works purchased a machine on 1st July, 2015 for Rs 1,80,000 and spent Rs 20,000 on its installation.
On 1st April, 2016, it purchased another machine for Rs 2,40,000. On 1st October, 2017, the machine purchased on 1st July, 2015 was sold for Rs 1,45,000 plus CGST and SGST `"@ "6%` each. On 1st January, 2018, another machine was purchased for 4,00,000 plus IGST `"@ "12%`. Prepare the Machinery Account for the years ended 31st March, 2016 to 2018 after charging Depreciation `"@ "10%` p.a. by Diminishing Balance Method. Accounts are closed on 31st March every year.