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, 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

A firm purchased an old truck for Rs 2,00,000 on 1st April, 2016. It charged depreciation "@ " 20% per annum following Written Down Value Method. The truck was sold on 1st October, 2017 for Rs 1,60,000. Prepare Truck Account for the years ending 31st March, 2017 and 2018.

Following balances appear in the books of Dinesh, as on 1st April, 2018: {:("Machinery Account", " Rs 8,00,000,"):} {:("Provision for Depreciation Account", " Rs 3,10,000."):} On 1st July, 2018, a machinery which was purchased on 1st April, 2015 for Rs 1,20,000 was sold for Rs 50,000 plus CGST and SGST "@ " 6% each and on the same date another machinery was purchased for Rs 32,000 plus CGST and SGST "@ "6% each. The firm charges depreciation "@ " 15% p.a. On Original Cost Method and closes its books on 31st March every year. Prepare Machinery Account and Provision for Depreciation Account for the year 2018-19. Also, pass Journal entry for the sale of machinery.

A company purchased a machinery for Rs 50,000 on 1st October, 2016. Another machinery costing Rs 10,000 was purchased on 1st December, 2017. On 31st March, 2019, the machinery purchased in 2016 was sold at a loss of Rs 5,000. The company charges depereciation "@ "15% p.a. on Diminishing Balance Method. Accounts are closed on 31st March every year. Prepare the Machinery Account for 3 years.

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.

A company purchased machinery for Rs 2,00,000 on 1st April, 2016. The machinery is depreciated " @ "10% p.a. of cost. On 1st October, 2018, the machinery was sold for Rs 1,20,000. Draw the Machinery Account for the years ended 31st March 2017, 2018 and 2019.

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.

Modern Ltd. Purchased a machinery on 1st August, 2016 for Rs 60,000. On 1st October, 2017, it purchased another machine for Rs 20,000 plus CGST and SGST "@ "6% each. On 30th June, 2018, it sold the first machine purchased in 2016 for Rs 38,500 charging IGST "@ "12% . Depreciation is provided "@ " 20% p.a. on the original cost each year. Account are closed on 31st March every year. Prepare the Machinery Account for these years.

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.