You are supposed to maintain the accounts of ABC Ltd. For the Financial year 20112012.

Liabilities Amount Assets Amount Rs. Rs. Equity share capital 10,00,00 Fixed Assets: Reserve & Surplus 0 Goodwill 1,00,000 P & L A/c Land & Building 3,00,000 Sundry Creditors : 2,00,000 Plant & Machinery 2,00,000 C. Ltd. Investment 3,00,000 P. Ltd. 1,00,000 Sundry Debtors : XYZ Ltd. 2,00,000 Outstanding Exp. 1,00,000 SBI 3,00,000 50,000 Cash in hand 1,00,000 50,000 15,00,00 15,00,000 0 Pass the following transactions : i) Purchase goods Rs. 50,000/- from DIL Ltd.- for Calcutta branch , Purchase depts., the bill ref no. is PUR/07-08/1. ii) Sold goods Rs. 1,25,000 to XYZ Ltd. The sale was made through Delhi branch , Sales department. The bill ref. no is sale /07-08/1. iii) Create a provision for depreciation @10% on current value of fixed assets.

You are supposed to maintain the accounts of ABC Ltd. For the Financial year 20112012. Liabilities Amount Assets Amount Rs. Rs. Equity share capital 10,00,00 Fixed Assets: Reserve & Surplus 0 Goodwill 1,00,000 P & L A/c 2,00,000 Land & Building 3,00,000 Sundry Creditors : 1,00,000 Plant & Machinery 2,00,000 C. Ltd. Investment 3,00,000 P. Ltd. 1,00,000 Sundry Debtors : 50,000 XYZ Ltd. 2,00,000 Outstanding Exp. 50,000 SBI 3,00,000 Cash in hand 1,00,000 15,00,00 15,00,000 0 Pass the following transactions : iv) Purchase goods Rs. 50,000/- from DIL Ltd.- for Calcutta branch , Purchase depts., the bill ref no. is PUR/07-08/1. v) Sold goods Rs. 1,25,000 to XYZ Ltd. The sale was made through Delhi branch , Sales department. The bill ref. no is sale /07-08/1.

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Create a provision for depreciation @10% on current value of fixed assets.