R. Kanitkar had purchased a machinery fo...

R. Kanitkar had purchased a machinery for rupee 1,00,000 on 1st October, 2016. Another machine was purchased for rupee 60,000 plus IGST `" @ "12 % ` by cheque on 1st April, 2018. Depreciation is charged `" @ "10%` p.a. by the Straight Line Method. Accounts are closed every year on 31 st March. You are required to pass necessary Journal entries for the years ended 31st March, 2017, 2018, and 2019 and show Machinery Account and Machinery in the Balance Sheet:
(i) When Provision for Depreciation Account is not maintained.
(ii) When Provision for Depreciation Account is maintained.

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