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

The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 {:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):} On April 01, 2015 a machinery which was purchased on January 01, 2012 for Rs . 2,00,000 was sold for Rs . 75,000. A new machine was purchased on July 01, 2015 for Rs . 6,00,000, Depreciation is provided on machinery at 20% p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.

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.

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.

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.

On January 01, 2015, Khosla Transport Co. purchased five trucks for Rs. each. Depreciation has been provided at the rate of 10% p.a. using straight line method and accumulated in provision for depreciation acount. On January 01, 2016, one truck was sold for Rs. 15,000 . On July 01,2017 , another truch (Purhcased for Rs. 20,000 on Jan, 01, 2014) was sold for Rs. 18,000 . . A new truck costing Rs. 30,000 was purhcased on October 01, 2016. You are required to prepare trucks account, Provision for depreciation account and Truck disposal account for the years ended on December 2015, 2016 and 2017 assuming that the firm closes its accounts in December every year.

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 Plant was purchased on 1st July, 2015 at a cost of Rs. 3,00,000 and Rs. 50,00 were spent on its installation. The depreciation is written off at 15% p.a. on the straight line method. The plant was sold for Rs. 1,50,000 on October Rs. 4,00,000. including purchasing value. The accounts are closed on December 31 every year. Show the machinery account and provision for depreciation account for 3 years.

On 1st April, 2016, a firm purchased a machinery for Rs 12,00,000. On 1st October, 2018, a part of the machinery purchased on 1st April, 2016 for Rs 80,000 was sold for Rs 45,000 and a new machinery at a cost Rs 1,58,000 was purchased and installed on the same date. The Company has adopted the method of providing depreciation "@ "10% p.a. on the diminishing balance of the machinery. Show the necessary Ledger accounts assuming that: (i) 'Provision for Depreciation Account' is not maintained, (ii) 'Provision for Depreciation Account' is maintained.

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.