30. On 1st April, 2022, following balances appeared in the books of M/s Krishna Traders:

Furniture Account ₹50,000

Provision for Depreciation on Furniture Account ₹22,000

On 1st October, 2022 a part of Furniture purchased for ₹20,000 on 1st April, 2018 was sold for ₹5,000. On the same date a new furniture costing ₹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 in the year of sale. Prepare ‘Furniture Account” and ‘Provision for Depreciation Account’ for the year ending 31st March, 2023.