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.

On 1st April, 2016, a machinery was purchased for Rs 20,000. On 1st October, 2017 another machine was purchased for Rs 10,000 and on 1st April, 2018, one more machine was purchased for Rs 5,000. The firm depreciates its machinery "@ "10% p.a. on the Diminishing Balance Method. What is the amount of Depreciation for the years ended 31st March, 2017, 2018 and 2019? What will be the balance in Machinery Account as on 31st March, 2019?

R. Kanitkar had purchased a machinery for rupee 1,00,000 on 1st October, 2016. Another machine was purchased for rupee 60,000 plus IGST " @ "12 % by cheque on 1st April, 2018. Depreciation is charged " @ "10% p.a. by the Straight Line Method. Accounts are closed every year on 31 st March. You are required to pass necessary Journal entries for the years ended 31st March, 2017, 2018, and 2019 and show Machinery Account and Machinery in the Balance Sheet: (i) When Provision for Depreciation Account is not maintained. (ii) When Provision for Depreciation Account is maintained.

Babu purchased on 1st April, 2017, a machine for Rs 6,000. On 1st October, 2017, he also purchased another machine for Rs 5,000. On 1st October, 2018, he sold the machine purchased on 1st April, 2017 for Rs 4,000. It was decided that Depreciation "@ "10% p.a. was to be written off every year under Diminishing Balance Method. Assuming the accounts were closed on 31st March every year, show the Machinery Account for the years ended 31st March, 2018 and 2019.

Green Ltd. purchased a machinery on 1st August, 2015 for Rs 60,000. On 1st October, 2016, it purchased another machine for Rs 20,000. On 30th June, 2017, it sold the first 'machine for Rs 38,500 and on the same date purchased a new machinery for Rs 50,000. Depreciation is provided "@" 20% p.a. on cost each year. Accounts are closed each year on 31st March. Show the Machinery Account for three years.

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.

On 1st April, 2016 a firm purchased machinery for Rs 3,00,000. On 1st October, 2016, additional machinery costing Rs 1,50,000 was purchased on 1st October, 2017, the machinery purchased on 1st April, 2016 having become obsolete, was sold for Rs 1,35,000. On 1st October, 2018, new machinery was purchased for Rs 3,75,000 while the machinery purchased on 1st October, 2016 was sold for Rs 1,27,500 on the same day. The firm provides depreciation on its machinery "@ " 10% per annum on original cost on 31st March every year. Show Machinery Account, Provision for Depreciation Account and Depreciation Account for the period of three accounting years ending 31st March, 2019.

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.

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.