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(Problem Based on Missing Figures)

On 1st July 2012 Tata Private Ltd. purchased a machiner for Rs.
60,000.
On 1st Oct. 2013 another machiner was purchased for Rs. 3,60000. On
1st July 2014, the machine purchased on July 2012 was sold for Rs.
3,36,000 and on the same date a fresh machinery was purchased for
Rs. 4,00,00.
Depreciation was provided @10% p.a. on the written down value
method.
Books are closed on 31st march ever year.
You are required to prepare machinery account and provision for
Depreciation for three years ending 31st March 2015.

Machinery Account

Amount Amount
Date Particulars Date Particular
(Rs.) (Rs.)

2012 2013

Jul- Mar
To Bank A/c 6,00,000 By Balance c/d 6,00,000
01 31

6,00,000 6,00,000

2013 2014

To Balance Mar
April 6,00,000 By Balance c/d 9,60,000
b/d 31

Oct 1 To Bank A/c 3,60,000

9,60,000 9,60,000

2014 2014

Apr To Balance
9,60,000 July 1 By Bank A/c 3,36,000
01 b/d

By Prov. for
- (____) (5)
Dep. A/c

By Profit &
- (____) (7)
Loss A/c

2015

Mar
By Balance c/d
31

13,60,000 13,60,000
 Provision or Depreciation Account

Amount Amount
Date Particulars Date Particulars
(Rs.) (Rs.)

2013 2013

By
Mar Mar
To Bank c/d 45000 Depreciation 45000
31 31
A/c

45000 45000

2013

Apr 1 By Balance c/d 45000

2014 2014

By
Mar To Balance Mar
(____) Depreciation (____) (1)
31 b/d 31
A/c

(____) (____)

2014 2014

To Machinery Apr
July 1 (5) (____) By Balance b/d (____) (2)
A/c 31

By
Jul 1 Depreciation (____) (3)
A/c

2015 2015

By
Mar To Balance Mar
(6) (____) Depreciation (____) (4)
31 c/d 31
A/c

(____)

Fill up the missing figures in the plant Account given below. You are
informed that the plant purchased on 1st October 2012 was sold on
1st April, 2014 for Rs. 95,000. The depreciation is provided at the rate
of 10% p.a on dimnishing balance by the company.

Plant Account

Amount Amount
Date Particular Date Particular
(Rs.) (Rs.)
2010 2011

Apr Mar By Depreciation

To Bank A/c (____) 30000
31 31 A/c

By Balance c/d
(_____)
(1)

(_____) (_____)

2011 2012

Mar By Depreciation
Apr 1 To Balance b/d (_____) (_____)
31 A/c (2)

Mar By Balance c/d

(_____)
31 (3)

(_____) (_____)

2012 2013

Mar By Depreciation
Apr 1 To Balance c/d (_____) (_____)
31 A/c (4)

Mar By Balance old

Oct 1 To Balance A/c 1,00,000 (_____)
31 (5)

(_____) (_____)

2013 2014

Mar By Depreciation
Apr 1 To Balance c/d (_____) (_____)
31 A/c (6)

By Balance c/d
(_____)
(7)

(_____) (_____)

2014 2014

Apr 1 To Balance (_____) Apr 1 Bank A/c 95000

To Statement
Apr1 (_____) 2015
of P & L (10)

Mar Depreciation
(_____)
31 A/c (8)

Mar By Balance c/d

(_____)
31 (9)
(_____)
(11)