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.

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.

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.

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.

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.

Following is the Receipts and Payments Account of Mumbai Club for the year ended 31st March 2019 : Additional Information (i) Stationery Expenses Rs 31,200 related to the year ended 31st March 2018 and outstanding for the year ended 31st March 2019 was Rs. 36,400. (ii) Subscriptions unpaid for the year ended 31st March 2019 Rs. 86,800, Subscriptions for Governor's Party outstanding for the year ended 31st March 2019 Rs. 55,000. Governor's party is to be held in April 2019. (iii) The club owned sports materials of the value Rs. 16,00,000 on 1st April 2018, This was valued at Rs. 13,50,000 on 31st March 2019 . Stock includes Sports Materials of Rs. 50.000, Which is to be written off being not useable. The club took a loan of Rs. 20,00,000 in the year ended 31st March 2018. Prepare Income and Expenditure Account for the year ended on 31st March 2019 and Balance Sheet as at that date.