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.

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 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

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.

A machine was purchased on 1st April, 2016 for Rs 2,50,000. On 1st October, 2016, another machine was purchased for Rs 1,50,000. Estimated scrap value was Rs 10,000 and Rs 5,000 respectively. Depreciation is to be provided "@ " 10% p.a. on the machines under the Reducing Balance System. (i) Show Machinery Account for the years ended 31st March, 2017 and 2018. (ii) Show how Machinery Account will appear in the Balance Sheet as at 31st March, 2018.

In the year ended 31st March, 2019 subscriptions received were Rs. 21,00,000. These subscriptions include Rs. 30,000 for the year ended 31st March , 2018 and Rs. 40,000 for the year endeing 31st March, 2020. On 31st March , 2019 subscriptions due but not received were Rs. 50,000. Corresponding amount on 1st April 2018 was Rs. 60,000. Determine the amount that should be credited to Income and Expenditure Account as subscriptions for the year ended 31st March 2019.

A furniture set was listed at Rs. 62,400. It was sold at 20% discount. The sales tax charged on it was 10%. Find the amount to be paid to purchase the furniture. (in Rs.)

ABC Ltd. Purchased a plant on 1st April, 2017 for Rs 1,00,000. On 1st October, 2017, an additional plant was purchased costing Rs 50,000 plus CGST and SGST "@ "6% each. On 1st October, 2018 the plant purchased on 1st April, 2017, having become obsolete, was sold for Rs 40,000, charging CGST and SGST "@ "6% each. Depreciation is provided "@ "10% p.a. on cost on 31st March every year. Show the Machinery, Machinery Disposal and Provision for Depreciation Accounts for the years ended 31st March, 2018 and 2019. Also show CGST and SGST Accounts for the two years.

Sharma & Co. whose books are closed on 31st March, purchased a machinery for Rs 1,50,000 on 1st April, 2016, Additional machinery was acquired for Rs 50,000 on 1st October, 2016 was sold for Rs 40,000 on 30th September, 2018. Prepare the Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2019. Depreciation is charged "@ "10% p.a. on Straight Line Method. Also, show the Machinery Disposal Account.

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.