Furniture as on 31 st March , 2019 Rs. 4,40,000 . Furniture (having Books value as on 1st April ,2018 of Rs 40,000) sold at a loss of `20%` on 31st December , 2018, Furniture is depreciated `@10%` p.a. Furniture costing Rs. 3,00,000 was also purchased on 1st October , 2018 , Calculate Loss sale of Furniture.

Prepare Furniture Account for the year ended 31st March , 2019 in the books of a social club under the following alternative cases: Case 1. Furniture as on 1st April ,2018 -Rs. 2,20,000, Furniture (having book value as on 1st April , 2018-Rs. 20,000) sold at a gain (profit) of 20% on 31st December , 2018. Furniture purchased on 1st October 2018 for Rs. 1,00,000 , Charge depreciation "@" 10% p.a. on furniture. Case 2. Furniture as on 31st March , 2018-Rs. 4,40,000, Furniture (having book value as on 1st April , 2018 -Rs. 40,000) sold at a loss of 20% on 31st December ,2018. Furniture is to be depreciated "@"10% p.a. furniture costing Rs.3,00,000 was also purchased on 1st October , 2018.

Delhi Youth Club has furniture at a value of Rs. 2,20,000 in its book on 31st March . 2018 . It sold old furniture having book value of Rs. 20,000 as at 1st April 2018 at a loss of 20% on 31st December 2018. Furniture is to be depreciated "@"10% p.a.Furniture costing Rs. 1,50,000 was also purchased on 1st Octobe 2018. Prepare Furniture Account for the year ended 31st March ,2019.

On 1st April, 2016 a firm purchased machinery for Rs 3,00,000. On 1st October, 2016, additional machinery costing Rs 1,50,000 was purchased on 1st October, 2017, the machinery purchased on 1st April, 2016 having become obsolete, was sold for Rs 1,35,000. On 1st October, 2018, new machinery was purchased for Rs 3,75,000 while the machinery purchased on 1st October, 2016 was sold for Rs 1,27,500 on the same day. The firm provides depreciation on its machinery "@ " 10% per annum on original cost on 31st March every year. Show Machinery Account, Provision for Depreciation Account and Depreciation Account for the period of three accounting years ending 31st March, 2019.

On 1st April, 2015, Star Ltd. purchased 5 machines for Rs 60,000 each. On 1st April, 2017, one of the machine was sold at a loss of Rs 8,000. On 1st July, 2018, second machine was sold at a loss of Rs 12,500. A new machine was purchased. for Rs 1,00,000 on 1st October, 2018. Prepare Machinery Account for 4 years, assuming accounts are closed on 31st March each year and depreciation is charged " @ " 10% per annum as per Straight Line Method.

On 1st April, 2015, machinery was purchased for Rs 80,000. On 1st April, 2016 new machinery costing Rs 40,000 was purchased. On 30th June, 2017, machinery purchased on 1st April, 2015 was sold for Rs 65,000 and on 30th September, 2017 machinery purchased on 1st April, 2016 was sold for Rs 26,750. On 1st October, 2017 another machinery for Rs 50,000 was acquired. On 1st October, 2018 new machinery costing Rs 40,000 was purchased. Depreciation was charged "@ "10% p.a. on the Diminishing Balance Method. Prepare Machinery Account for your years ending on 31st March, 2019.

Dowra Bros. purchased on 1st April, 2015 a second-hand machinery for Rs 36,000 and spent Rs 4,000 on its installation. On 1st October in the same year, another machinery costing Rs 20,000 was purchased. On 1st October, 2017, machinery bought on 1st April , 2015 was sold off for Rs 12,000 and a fresh machine was purchased for Rs 64,000 on the same date. Depreciation is provided annually on 31st March "@ " 10% p.a. on the Written Down Value Method. Show Machinery Account for 3 years ending 31st March, 2018.

On 1st April 2018, X's Capital was 2,00,000. On 1st October 2018, he introduces additional capital of Rs.1,00,000. Interest on capital @6% p.a. on 31st March, 2019 will be :

On April 01, 2015, following balances appeared in the books of M/s Kanishka Traders: Furniture account Rs. 50,000, Provision for depreciation of furniture Rs. 22,00. On October 01, 2015 a part of furniture purchased for Rupees 20,000 in April 01, 2011 was sold for Rs. 5,000. On the same date a few furniture costing Rs. 25,000 was purchased. the depreciation was provided @ 10% p.a. on original cost of the asset and no depreciation was charged on the asset om the year of sale. Prefare funiture account and provision for depreciation account for the year ending March 31, 2016

The book value of furniture on 1st April 2018 is Rs 60,000. Half of this furniture is sold for Rs. 20,000 on 30 th september 2018 Depreciation is to be charged on furniture "@" 10% p.a. Calculate loss on sale of furniture. Show how the loss on sale and depreciation on furniture will be show in the income and Expenditure Account for the year ended 31st march 2019.