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Subject: Accountancy, asked on 27/2/22

From the following information of Walter Ltd., you are required to prepare: 
(i) Machinery account for the two years ending 31st March,2017.
(ii) Depreciation Account for the year ending 31st March,2017.
The company charges depreciation @ 20 % per annum by the written down value

method.
Date Transactions
01.04.2015 Purchased machineries for ₹60,000
01.10.2015 Purchased a second-hand machinery for ₹1,08,000
01.10.2015 Spent ₹12,000 on its repairs to make it serviceable.
01.04.2016 Spent ₹1,200 on repairs of the machinery purchased on 01.04.2015.
30.09.2016   Sold one of the machines costing ₹20,000, out of the lot purchased on 01.04.2015, for ₹13,000 and purchased a new
machine for ₹28,000.



 

Subject: Accountancy, asked on 25/1/22

Experts can you tell me the common size statement from this balance sheet ?

Subject: Accountancy, asked on 20/1/22

Prepare comparitive statement and common size statement

Subject: Accountancy, asked on 11/12/21

Difference between finished goods and stock in trade?

Subject: Accountancy, asked on 10/12/21

What's the difference between sale of scrap and miscellaneous items?

Subject: Accountancy, asked on 10/12/21

What is stock-in-trade?

Subject: Accountancy, asked on 10/12/21

please write the heads and subheads from Q 24
Regards

Subject: Accountancy, asked on 9/12/21

Ajay and Vinod are partners in the ratio of 3:2. Their fixed Capital were Rs.3,00,000 and
Rs.4,00,000 respectively. After the close of accounts for the year it was observed that the Interest
on Capital which was agreed to be provided at 5% pa was erroneously provided at 10%p.a. By what
amount will Ajay’s account be affected if partners decide to pass an adjustment entry for the same?

Subject: Accountancy, asked on 9/12/21

Pls explain 4th point easily in a understandable manner pls

Subject: Accountancy, asked on 9/12/21

Is the highlighted line correct? Isn't it shown in the balance sheet under reserves and surplus?

Subject: Accountancy, asked on 9/12/21

please answer these from Q 20
Regards

Subject: Accountancy, asked on 9/12/21

Please write the major heards and subheads
Regards

Subject: Accountancy, asked on 9/12/21

Please write the major heards and subheads
Regards

Subject: Accountancy, asked on 9/12/21

Write the major Heads and Sub Heads for the following
REGARDS

?

11.??Interest accrued on Investments

12.??Surplus

13.??Securities Premium Reserve

14.??Loose Tools

15.??Provision for Taxation Under writing Commission

16.??Bills of Exchange Unclaimed dividend

17.??Short term loans & advances

18.??Livestock Calls unpaid/calls in arrears

19.??Uncalled liability on shares partly paid

20.??Discount allowed on issue of shares and debentures (if amortised after 12 months)

Subject: Accountancy, asked on 9/12/21

Write the major Heads and Sub Heads for the following
REGARDS
1.?????Goodwill
2.?????Forfeited shares
3.?????Acceptances
4.?????Preliminary expenses
5.?????Capital reserve
6.?????Loans from banks.
7.?????Investment in shares and debentures
8.?????Interest accrued and due on debentures
9.?????Interest accrued but not due on Secured Loans
10.??Interest accrued but not due on Unsecured Loans

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