Double Entry Book Keeping Ts Grewal 2016 Solutions for Class 11 Commerce Accountancy Chapter 13 Depreciation are provided here with simple step-by-step explanations. These solutions for Depreciation are extremely popular among class 11 Commerce students for Accountancy Depreciation Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keeping Ts Grewal 2016 Book of class 11 Commerce Accountancy Chapter 13 are provided here for you for free. You will also love the ad-free experience on Meritnationâ€™s Double Entry Book Keeping Ts Grewal 2016 Solutions. All Double Entry Book Keeping Ts Grewal 2016 Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

#### Page No 13.38:

 Book of Shri Ram Machinery Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2012 2013 April 01 Bank 40,000 Mar.31 Depreciation 4,000 April 01 Bank (Erection Expense) 5,000 Balance c/d 41,000 45,000 45,000 2013 2014 April 01 Balance b/d 41,000 Mar.31 Depreciation 4,000 Balance c/d 37,000 41,000 41,000 2014 2015 April 01 Balance b/d 37,000 Mar.31 Depreciation 4,000 Balance c/d 33,000 37,000 37,000

Calculation of Depreciation:

#### Page No 13.38:

 Furniture Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2011 2012 April 01 Bank (F1) 55,000 March 31 Depreciation (F1) 5,000 March 31 Balance c/d (F1) 50,000 55,000 55,000 2012 2013 April 01 Balance b/d (F1) 50,000 March 31 Depreciation April 01 Bank (F2) 9,500 F1 5,000 F2 900 5,900 March 31 Balance c/d F1 45,000 F2 8,600 53,600 59,500 59,500 2013 2014 April 01 Balance b/d March 31 Depreciation F1 45,000 F1 5,000 F2 8,600 53,600 F2 900 5,900 March 31 Balance c/d F1 40,000 F2 7,700 47,700 53,600 53,600 2014 2015 April 01 Balance b/d March 31 Depreciation F1 40,000 F1 5,000 F2 7,700 47,700 F2 900 Oct. 01 Bank (F3) 8,400 F3 400 6,300 March 31 Balance c/d F1 35,000 F2 6,800 F3 8,000 49,800 56,100 56,100

Working Notes:

#### Page No 13.38:

 Machinery Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2011 2012 April 01 Bank (M1) 2,50,000 March 31 Depreciation Oct. 01 Bank (M2) 1,00,000 M1 12,500 M2 (6 Months) 2,500 15,000 March 31 Balance c/d M1 2,37,500 M2 97,500 3,35,000 3,50,000 3,50,000 2012 2013 April 01 Balance b/d March 31 Depreciation M1 2,37,500 M1 12,500 M2 97,500 3,35,000 M2 5,000 17,500 March 31 Balance c/d M1 2,25,000 M2 92,500 3,17,500 3,35,000 3,35,000 2013 2013 April 01 Balance b/d Oct. 01 Depreciation (for 6 months) 6,250 M1 2,25,000 Oct. 01 Bank (M1 sold) 1,43,000 M2 92,500 3,17,500 Oct. 01 Profit and Loss (loss on sale) 75,750 2014 July 01 Bank (M3) 2,00,000 March 31 Depreciation M2 5,000 M3(for 6 months) 5,000 10,000 March 31 Balance c/d M2 87,500 M3 1,95,000 2,82,500 5,17,500 5,17,500 2014 2015 April 01 Balance b/d March 31 Depreciation M2 87,500 M2 5,000 M3 1,95,000 2,82,500 M3 10,000 15,000 March 31 Balance c/d M2 82,500 M3 1,85,000 2,67,500 2,82,500 2,82,500

Working Notes:

1. Calculation of Deprecation

2. Calculation of profit or loss on sale of Machine 1

 Particulars Amount (Rs) Book Value on April 01, 2013 2,25,000 Less: Deprecation for six month (6,250) Book Value on Oct. 01, 2013 2,18,750 Less: Sale Proceeds (1,43,000) Loss on Sale of Machine 75,750

#### Page No 13.38:

 Machinery Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particular J.F. Amount (Rs) 2014 2015 Apr.01 Bank (M1) 50,000 Mar.31 Depreciation Sept 30 Bank (M2) 20,000 M1 5,000 M2 (6 months) 1,000 6,000 Mar.31 Balance c/d M1 45,000 M2 (6 months) 19,000 64,000 70,000 70,000

Note:

Repair and renewal made on December 31, 2014 will not be recorded in Machinery Account because, this repair was made after putting the Machinery in to use.

#### Page No 13.38:

 Asset Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2009 2010 April 01 Bank 10,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 9,500 10,500 10,500 2010 2011 April 01 Balance b/d 9,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 8,500 9,500 9,500 2011 2012 April 01 Balance b/d 8,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 7,500 8,500 8,500 2012 2013 April 01 Balance b/d 7,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 6,500 7,500 7,500 2013 2014 April 01 Balance b/d 6,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 5,500 6,500 6,500 2014 2015 April 01 Balance b/d 5,500 Mar.31 Depreciation 1,000 Mar.31 Balance c/d 4,500 5,500 5,500 2015 2016 April 01 Balance b/d 4,500 Mar.31 Depreciation 1,000 Mar.31 Bank 600 Mar.31 Profit and Loss (Loss) 2,900 4,500 4,500

(i) Depreciation Expense for the year ended March 31, 2010 is Rs 1000

(ii) The Net Book Value of the asset on March 31, 2014 is Rs 5,500

(iii) Loss on Sale of the asset on March 31, 2016 is Rs 2,900

#### Page No 13.39:

 Books of Modern Ltd. Machinery Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2003 2004 Aug.01 Bank (M1) 60,000 March 31 Depreciation M1 (for 8 months) 8,000 March 31 Balance c/d 52,000 60,000 60,000 2004 2004 April 01 Balance b/d 52,000 March 31 Depreciation Oct. 01 Bank (M2) 20,000 M1 12,000 M2 (6 months) 2,000 14,000 Dec.31 Balance c/d M1 40,000 M2 18,000 58,000 72,000 72,000 2005 2005 April 01 Balance b/d June 30 Depreciation (M1) (for 3 months) 3,000 M1 40,000 June 30 Bank (M1) 38,500 M2 18,000 58,000 Mar.31 Depreciation (M2) 4,000 June 30 Profit and Loss (profit) 1,500 Mar.31 Balance c/d 14,000 59,500 59,500

Working Notes

1. Calculation of annual Depreciation

 Particulars Amount (Rs) Value on Apr 01, 2005 40,000 Depreciation for 3 Months (3,000) Value on June 30, 2005 37,000 Less: Sale of Machine (38,500) Profit on sale of Machine 1 1,500

Note: There is a misprint in the book as in the first line the year is given as 2013 but remaining years are given as 2004, 2005 and 2006. Also, the date of purchase of M1 should be August 01, 2003 and not July 01, 2013.

#### Page No 13.39:

 Books of Sohan Lal & Sons Plant Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2010 2011 July 01 Bank (I) 60,000 March 31 Depreciation (I) for 9 months 4,500 2011 (II) for 3 months 1,000 5,500 Jan. 01 Bank (II) 40,000 March 31 Balance c/d (I) 55,500 (II) 39,000 94,500 1,00,000 1,00,000 2011 2012 April 01 Balance b/d March 31 Depreciation (I) 55,500 (I) 6,000 (II) 39,000 94,500 (II) 4,000 Oct. 01 Bank (III) 20,000 (III) for 6 months 1,000 11,000 March 31 Balance c/d (I) 49,500 (II) 35,000 (III) 19,000 1,03,500 1,14,500 1,14,500 2012 2012 April 01 Balance b/d April 01 Bank 6,000 (I) 49,500 April 01 Profit and Loss (loss)(16,500 – 6,000) 10,500 2013 (II) 35,000 March 31 Depreciation (III) 19,000 1,03,500 (I) 4,000 (II) 4,000 (III) 2,000 10,000 March 31 Balance c/d (I) 29,000 (II) 31,000 (III) 17,000 77,000 1,03,500 1,03,500

Working Notes

1. Calculation of Depreciation

2. Calculation of profit or loss on Sale of Plant I

 Particulars Amount (Rs) 1/3rd of Book Value of Plant I as on April 01, 2012( 49,500 × 1/3) 16,500 Less: Sale of Plant (6,000) Loss on Sale of Plant 10,500

#### Page No 13.39:

 Maruti Van Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2010 2011 April 01 Bank (I) 65,000 March 31 Depreciation (I) 6,500 March 31 Balance c/d (I) 58,500 65,000 65,000 2011 2012 April 01 Balance b/d (I) 58,500 March 31 Depreciation Oct. 01 Bank (II) 70,000 (I) 6,500 (II) (for 6 month) 3,500 10,000 March 31 Balance c/d (I) 52,000 (II) 66,500 1,18,500 1,28,500 1,28,500 2012 2012 April 01 Balance b/d April 01 Bank (I) 45,000 (I) 52,000 April 01 Profit and Loss (Loss on Sale) 7,000 2013 (II) 66,500 1,18,500 March 31 Depreciation April 01 Bank (III) 1,70,000 (II) 7,000 (III) 17,000 24,000 March 31 Balance c/d (II) 59,500 (III) 1,53,000 2,12,500 2,88,500 2,88,500

Working Notes

1. Calculation of annual Depreciation

2. Calculation of profit or loss on Sale of Maruti Van (I)

 Particulars Amount (Rs) Book Value on Apr. 01, 2012 52,000 Less: sale of Maruti Van (45,000) Loss on sale of Maruti Van 7,000

#### Page No 13.39:

 Machinery Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2003 2004 July 01 Bank (I) 30,000 March 31 Depreciation 2004 Jan. 01 Bank (II) 20,000 I (for 9 months) 2,250 II 500 2,750 March 31 Balanced c/d I 27,750 II 19,500 47,250 50,000 50,000 2004 2005 April 01 Balance b/d March 31 Depreciation I 27,750 I 3,000 II 19,500 47,250 II 2,000 III 500 5,500 Oct. 01 Bank (III) 10,000 March 31 Balance c/d I 24,750 II 17,500 III 9,500 51,750 57,250 57,250 2005 2005 April 01 Balance b/d April 01 Bank I(1/3rd portion) 3,000 I 24,750 April 01 Profit and Loss (Loss on Sale of I) 5,250 2006 II 17,500 March 31 Depreciation III 9,500 51,750 I (on 2/3rd portion) 2,000 II 2,000 III 1,000 5,000 March 31 Balance c/d I (on 2/3rd portion) 14,500 II 15,500 III 8,500 38,500 51,750 51,750

Working Notes

1. Calculation of Depreciation

Calculation of profit or loss on sale of 1/3rd Portion of Machine I

 Particulars Amount (Rs) Book Value of 1/3rd portion of Machine I on April 01, 2005 (24,750 × 1/3) 8,250 Less: Sale Value (3,000) Loss on sale 5,250

#### Page No 13.40:

â€‹Books of A. Co. Ltd
 Machinery Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) 2011 2012 July 01 Bank (I) (20,000 + 3,000) 23,000 Mar.31 Depreciation 2012 I (for 9 months) 1,725 Jan.01 Bank (II) 12,000 II (for 3 months) 300 2,025 Mar.31 Balance c/d I 21,275 II 11,700 32,975 35,000 35,000 2012 2013 April 01 Balance b/d Mar.31 Depreciation I 21,275 I 2,300 II 11,700 32,975 II 1,200 3,500 Mar.31 Balance c/d I 18,975 II 10,500 29,475 32,975 32,975 2013 2013 April 01 Balance b/d June 30 Bank (II) 8,000 I 18,975 June 30 Depreciation (II) (for 3 months) 300 II 10,500 29,475 June 30 Profit and Loss (Loss) 2,200 July 01 Bank (III) 5,000 2014 July 01 Creditors for plant (III) 10,000 Mar.31 Depreciation I 2,300 III (on 15,000 for 8 months) 1,125 3,425 Balance c/d I 16,675 III 13,875 30,550 44,475 44,475

Working Notes

1. Calculation of Depreciation

2.     Calculation of profit on loss on sale of Machine (II)

 Particulars Amount (Rs) Book Value of Machine (II) on April 01, 2013 10,500 Less: Depreciation for 3 Months (300) Book Value on June 30 10,200 Less: Sale (8,000) Loss on Sale 2,200