On January 01, 2011, Satkar Transport Ltd., purchased 3 buses for `Rs.` 10,00,000 each/ On July 01, 2013, one bus was involved in an accident and was completely destroyed and `Rs.` 7,00,000 were recived from the Insurance Company in full settlement. Depreciation is written off @`15%` p.a. on diminishing balance method. Prepare bus account from 2011 to 2014. Books are closed on December 31 every year.

On October 01, 2011 Juneja Transport Company purchased 2 Trucks for Rs. 10,00,000 each. On July 01, 2013, One Truck was involved in an accident and was completely destroyed and Rs. 6,00,000. were recived from the insurance company in full settlement. On December 31, 2013 another truck was involved in an accident and destroyed partially, which was not insured. It was sold off for Rs. 1,50,000. On Jaunuary 31, 2014 company purchased a fresh truck for value every year. The books are closed every year on March 31. Give the truck account from 2011 to 2014

On 1st January, 2017, the Jaipur Golden Transport Compnay purchased a truck for Rs 8,00,000. On 1st July, 2018, this truck was involved in an accident and was destroyed and Rs 6,00,000 were received by cheque from the Insurance Company in full settlement on 1st October, 2018. On 1st July, 2018, another truck was purchased by the company for Rs 10,00,000 plus CGST and SGST "@ "6% each. The company charges depreciation "@ "20% p.a. following Written Down Value Method. Prepare Truck Account and Depreciation Account for 2017 to 2019 when books are closed on 31st March every year.

On January 01, 2014, a Limited Company purchased machinery for Rs. 20,00,000. Depreciation is provided @15% p.a. on diminishing balance method. On March 01, 2016, one fourth of machinery was damaged by fire and Rs. 40,000 were received from the insurance company in full settlement. On September 01, 2016 another machinery was purchased by the company for Rs. 15,00,000. Write up the machinery account from 2010 to 2013. Books are closed on December 31, every year.

Saraswati Ltd. purchased a machinery costing Rs. 10,00,000 on January 01, 2011. A new machinery was purchased on 01 May, 2012 for Rs. 15,00,000 and another on July 01, 2014 for Rs. 12,00,000. A part of the machinery which originally cost Rs. 2,00,000 in 2011 was sold for Rs. on April 30, 2014. Show the machinery account, provision for depreciation account and machinery disposal account from 2011 to 2015 if depreciation is provided at 10% p.a. on original cost and account are closed on December 31, every year.

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.

M/s. Dalmia Textile Mills purchased machinery on April 01,2016 Rs. 2,00,000 on credit from M/s Ahuja and sons and spent Rs 10,000 for its installation. Depreciation is Depreciation, Provisions and Reserves provided "@"10% p.a. on written down value basis. Prepare Machinery Account for the first three years. Books are closed on March 31, every year.

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.

On 1st April, 2016, X Ltd. Purchased a machine costing Rs 4,00,000 and spent Rs 50,000 on its installation. The estimated life of the machinery is 10 years, after which its residual value will be Rs 50,000 only. Find the amount of annual depreciation according to the Fixed Instalment Method and prepare Machinery Account for the first three years. The books are closed on 31st March every year.

M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2011 for Rs. 1,00,000 On July 01, 2012 another machine costing Rs. 2,50,000 Qa urchased . The machine purchased on April 01, 2011 was sold for Rs. 25,000 on October 01, 2015. The company charges depreciation @ 15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2016.

On October 01, 2010, a Truck was purchased for Rs. 8,00,000 by Laxmi Transport Ltd. Depreciation was provided at 15% p.a. on the diminishing balance basis on this truck. On December 31, 2013 this Truck was sold for Rs. 5,00,000. Accounts are closed on 31st March every year. Prepare a Truck Account for the four years.