i wnt the solution of ch.15 question 8 (from dk goel,rajesh goel)
Machinery Account | |||||||
Dr. | Cr. | ||||||
Date | Particulars | Amount (Rs) | Date | Particulars | Amount (Rs) | ||
2009 |
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| 2010 |
| 6000 | ||
April. 01 | Bank A/c (M1) | 60000 | Mar. 31 | Depreciation A/c (M1) | 54000 | ||
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| Mar. 31 | Balance c/d |
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| 60000 |
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| 60000 | ||
2010 |
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| 2011 |
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April. 01 | Balance b/d | 54000 | Mar. 31 | Depreciation A/c |
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Dec. 01 | Bank A/c (M2) | 30000 |
| M1 | 6000 |
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| M2 (for 4 months) | 1000 | 7000 | |
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| Mar. 31 | Balance c/d |
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| M1 | 48000 |
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| M2 | 29000 | 77000 | |
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| 84000 |
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| 84000 | ||
2011 |
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| 2011 |
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Apr. 01 | Balance b/d | 84000 | Dec. 31 | Depreciation A/c (on M1 for 3 months) | 1500 | ||
| M1 48000 |
| Dec.31 | Bank A/c (Sale of M1) | 36000 | ||
| M2 29000 |
| Dec.31 | Profit and Loss A/c (Loss on Sale) | 10500 | ||
June 30 | Bank A/c (M3) | 80000 | Mar.31 2012 | Depreciation on-M2 3000 M3 6000 |
9000 | ||
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| Mar.31 | Balance c/d |
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| M2 26000 |
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| M3 74000 | 100000 | ||
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2012 |
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| 2012 |
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Apr.01 | Balance b/d M2 26000 | 100000 | Dec.01 | Depreciation A/c (on M2 for 8 months) | 2000 | ||
| M3 74000 |
| Dec 01 | Bank A/c (Sale of M2) | 26000 | ||
Dec.01 | Profit and Loss A/c (Profit on Sale) | 2000 | 2013 Mar.31 | Depreciation M3 | 8000 | ||
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| Mar.31 | Balance c/d | 66000 | ||
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2013 |
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April 01 | Balance b/d ( M3) | 66000 |
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