On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was:

Prepare Furniture A/c:Opening Balance = 20,000.Gain on sale = 3,000.Sale proceeds = Cost + Gain = $4,000+3,000=7,000$. (Wait, the question says "costing 4,000 was sold at a gain of 3000", meaning its book value was 4,000. So sale value = 7,000).Depreciation = 5,000.Closing Balance = 28,000.Total Credit side = Sale (7,000) + Depreciation (5,000) + Closing Bal (28,000) = 40,000.Total Debit side = Opening Bal (20,000) + Gain (3,000) = 23,000.Purchases (Balancing figure) = $40,000-23,000=17,000$.