A Noida based Construction Company owns 5 cranes and the value of this asset in its books on April 01, 2017 is `Rs.` 40,00,000. On October 01,2017 it sold one of its cranes whose value was `Rs.` 5,00,000 on April 01,2017 at a `10%` profit. On the same day it purchased 2 cranes for `Rs.` 4,50,000 each.
Prepare cranes account. It closes the books on December 31 and provides for depreciation on `10%` written down value

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

Shri Krishan Manufacturing Company purchased 10 machines for Rs. 75,000 each on July 01, 2014. On October 01, 2016, one of the machines got destroyed by fire and an insurance claim of Rs. 45,000 was adimitted by the company. On the same date another machine is purchased by the company for Rs. 1,25,000. The company writes off 15% p.a. depreciation on written down value basis. The company maintains the calendar year as its financial year. Prepare the machinery account from 2014 to 2017.

Carriage Transport Company purchased 5 trucks at the cost of Rs. 2,00,000 each on on April 01, 2011. The company writes off depreciation @ 20% p.a. on original cost and closes its books on December 31, every year. On October 01, 2013, one of the trucks is involved in an accident and is completely destroyed. Insurance company has agreed to pay Rs. 70,000 in full settelment of the calim. On the same date the company purchased a second hand truck for Rs. 1,00,000 and spent Rs. 20,000 on its overhauling. Prepare truck account and provision for depreciation account for the three years ended on December 31, 2013. Also give truck account if truck disposal account is prepared.

A' commenced his cloth business on 1st April, 2011 with a capital of Rs. 3,00,000. On 31st March, 2012 his assets were worth Rs. 5,00,000 and liabilities Rs. 1,00,000. Find out his closing capital and profits earned during the year.

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.

Azad Ltd. purchased furniture on October 01, 2014 for Rs. 4,50,000. On March 01, 2015 it purchased another furniture for Rs. 3,00,000,. On March sold off the first furniture purchased in 2014 for Rs. 2,25,000. Depreciation is provided at 15% p.a. on written down value method each year. Accounts are closed each year on March 31. Prepare furniture account, and accumulated depreciation account for the years ended on March 31, 2015, March 31, 2016 and March 31, 2017. Also give the above two accounts if furniture disposal account is opened.

The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 {:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):} On April 01, 2015 a machinery which was purchased on January 01, 2012 for Rs . 2,00,000 was sold for Rs . 75,000. A new machine was purchased on July 01, 2015 for Rs . 6,00,000, Depreciation is provided on machinery at 20% p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.

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.