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solution of depreciation chapter of dk goel class 11
solution to chaturvedi and aggrwal
what is the difference btw straight line method and written down method?
a company whose accounting year is the calendar year , purchased on 1st april , 2008 , machinery costing 30000 . it purchased further machinery on 1st october , 2008 , costing 20,000 and on 1st july ,2009,costing 10,000 .
on 1st jan ,2010 , one-third of the machinery which was installed on 1st april , 2008 become obselete and was sold for 3,000 .
show how the machinery account would appear in the books of the company , it being given that machinery was depreciated by fixed instalment at 10 per p.a.(make full working ) .
The Sameer transport company purchased 10 trucks at Rs 90,000 each on 1 april 1995. On 1 october 1997 one of the trucks was involved in an accident and is completely destroyed. Rs 56,200 was received from the insurance company in full settlement. On the same date another truck was purchased bt the company for the sum of Rs 1,00,000 writes off 20% per annum on the diminshing balance method. The company maintains the calendar year as its financial year. Show the truck account for four years ending 31 december,1998.
On 1st January,2004, machinery was purchased by X for Rs. 50,000. On 1st July, 2005, additions were made to extent of Rs. 10,000. On 1st April, 2006 further additions were made to extent of Rs. 6400. On 30 th June, 2007 machinery , the original value of which was Rs. 8000 on 1st January, 2004. was sold for Rs. 6000. Depriciation is charged at 10% per annum on original cost.
Show machinery A/C for the years from 2004 to 2007 in books of X.X closes the books 31st December.
answers of Dk goyal a
nd Shelly goyal
i wnt the solution of ch.15 question 8 (from dk goel,rajesh goel)
how we make machinery account with provision account..?
what is the meaning of erection expenses?
Give four examples each of provision and reserves.
class XI apc d.k goel...ch-15 question 21 22....pls slove the problem....pls help me
what is the difference between revenue reserve and capital reserve
A company purchased a machinery for rs. 50000 on 1st july 1988.Another machinery costing rs. 10000 was purchased on 1st september 1989.On 31st december,1990,the machinery purchased in 1988 was sold at a loss of rs.5000.The company charges depriciation at the rate of 15% p.a. on diminishing balance method.accounts are closed on 31st december every year.
Prepare the machinery account for 3 years
A company purchased a machinery for Rs 50,000 on 1 october 2007. Another machinery costing Rs 10,000 was purchased on 1 december 2008. On 31 march 2010, the machinery purchased in the 2007 was sold at a loss of Rs 5,000. The company charges depreciation at the rate of 15% p.a. on diminishing balance method. Accounts are closed on 31 march every year. Prepare machinery account for 3 years.
Distinguish between general reserve and specific reserve.
what do you mean by asset disposal account???????
A firm purchased on 1st April, 2009, a second hand Machinery for Rs 36,000 and spent Rs 4,000 on its installation. On 1st Oct. in the same year another Machinery costing Rs 20,000 was purchased. On 1st Oct., 2011, the Machinery bought on 1st April, 2009 was sold off for Rs 12,000 and on the same date a fresh Machine was purchased for Rs 64,000. Depriciation is provided annually on 31st March, @ 10% p.a. on the Written Down Value Method. Show the Machine account from 1st April, 2009 to 31st March, 2013.
chapter-15 (depreciation) practical questions 22.$23 plz do fast its important for me now
general reserve account and dividend equalisatin fund accounts are:personal, real, nominal and none. give the answer with explanation not only direct give the answer with reason i want a answer
on 1st jan,2006, A ltd purchased a machine for RS 240,000 and spent Rs 10,000 on its erection.On 1st july, 2008, an additional machinery costing 100,000 was purchased . On the same date, a new machine was purchased on 1st jan, 2006 was sold for Rs 143,000and on he same date , a new machine was purchased at a cot of 200,000.
SHow he machinery a/c for the first four calendar years after charging depreciation at 5% by the straight line method .
Modern ltd purchased a machinery on 1st may 2003 for rs 60,000. on 1st july ,2004 it purchased another machine for rs 20,000. on 31st march 2005 ,it sold the first machine purchased in 2003 for rs 38,500. depreciation is providedat 20% p.a.on the original cost each year. accounts are closed on 31st december each year. prepare the machinery a/c
which types of provision for depreciation a/c- (a) real a/c (b) nominal a/c (c) personal a/c
Carriage Transport Company purchased 5 trucks at the cost of Rs 2,00,000 each on April 01, 2001. The company writes off depreciation @ 20% p.a. on original cost and closes its books on December 31, every year. On October 01, 2003, one of the trucks is involved in an accident and is completely destroyed. Insurance company has agreed to pay Rs 70,000 in full settlement of the claim. On the same date the company purchased a second hand truck for Rs 1,00,000 and spent Rs 20,000 on its overhauling. Prepare truck account and provision for depreciation account for the three years ended on December 31, 2003. Also give truck account if truck disposal account is prepared.
On 1st January 1990, a company purchased a plant for Rs 60,000/-. On 1st July in the same year, it purchased additional plant worth Rs. 18000/- and spends Rs 2000 on its erection, On 1 st July 1992 the plant purchased on 1st Janurary 1990 having become obsolete, is sold off for Rs 27000/-. On 1st October, 1993, fresh plant was purchased for Rs 64000. Depreciation is provided at 10% per annum on original cost on 31st December every year, Sho plant account from 1990 to 1993.
Q3. On 1st january 2006, A Ltd. purchased a machine for Rs.2,40,000 and spent Rs.10,000 on its erection. On 1st july 2006 an additional machinery costing Rs.1,00,000 was purchased. On 1st July 2008, the machine purchased on 1st january 2006 was sold for Rs.1,43,000 and on the same date, a new machinery was purchased at a cost of Rs. 2,00,000. Show the Machinery Account for the first Four calender years after charging depreciation at 5% by Straight Line Method.
On 1st jan ,2011 a merchant purchased a furniture costing Rs 55,000.It is estimated that its working life is 10 years at the end of which it will fetch Rs 5,000. Additions are made on 1st jan 2002 and 1st july 2004 to the value of Rs 9,500and Rs 8,400 (residual values 500 and 400 respectively ).Show the furniture account for the first 4 years,if depreciation is written off according to the straight line meathod.
how to calculate profit or loss in the machinery account ?
need all the steps...!
chapter name :-
Kumar & company purchased a machinery on 1st january 2003 for rs.54000 and spent rs.6000 on its installation . On 1st september 2004 it purchased another machine for Rs.30000.
On 31st march 2005 the first machine purchased on 1st january 2003 is sold for rs.36000 and on the same date it purchased a new machinery for rs.80000.
On september 1,2006 the second machine purchased on september 1, 2004 was sold off for Rs.26000. Depreciation was provided on machinery @ 10% p.a. on original cost method annually on 31st december . give the machinery account from 2003 to 2006.
Sundry Debtors -- Rs.160000
Bad Debts written off -- Rs 9000
Discount allowed to Debtors ---Rs. 1800
Reserve for Bad and doubtful Debts 31-12-2011 --Rs. 16500
Reserve for discount on Debtors 31-12-2011 --Rs. 3200
You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts, bad debts reserve, discount account, and provision for discount on debtors.
what are dismantling charges
M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2001 for Rs 1,00,000. On July 01, 2002 another machine costing Rs 2,50,000 was purchased . The machine purchased on April 01, 2001 was sold for Rs 25,000 on October 01, 2005. The company charges depreciation @15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2006.
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solution of depreciation chapter of dk goel class 11
solution to chaturvedi and aggrwal
what is the difference btw straight line method and written down method?
a company whose accounting year is the calendar year , purchased on 1st april , 2008 , machinery costing 30000 . it purchased further machinery on 1st october , 2008 , costing 20,000 and on 1st july ,2009,costing 10,000 .
on 1st jan ,2010 , one-third of the machinery which was installed on 1st april , 2008 become obselete and was sold for 3,000 .
show how the machinery account would appear in the books of the company , it being given that machinery was depreciated by fixed instalment at 10 per p.a.(make full working ) .
The Sameer transport company purchased 10 trucks at Rs 90,000 each on 1 april 1995. On 1 october 1997 one of the trucks was involved in an accident and is completely destroyed. Rs 56,200 was received from the insurance company in full settlement. On the same date another truck was purchased bt the company for the sum of Rs 1,00,000 writes off 20% per annum on the diminshing balance method. The company maintains the calendar year as its financial year. Show the truck account for four years ending 31 december,1998.
On 1st January,2004, machinery was purchased by X for Rs. 50,000. On 1st July, 2005, additions were made to extent of Rs. 10,000. On 1st April, 2006 further additions were made to extent of Rs. 6400. On 30 th June, 2007 machinery , the original value of which was Rs. 8000 on 1st January, 2004. was sold for Rs. 6000. Depriciation is charged at 10% per annum on original cost.
Show machinery A/C for the years from 2004 to 2007 in books of X.X closes the books 31st December.
answers of Dk goyal a
nd Shelly goyal
i wnt the solution of ch.15 question 8 (from dk goel,rajesh goel)
how we make machinery account with provision account..?
what is the meaning of erection expenses?
Give four examples each of provision and reserves.
class XI apc d.k goel...ch-15 question 21 22....pls slove the problem....pls help me
what is the difference between revenue reserve and capital reserve
A company purchased a machinery for rs. 50000 on 1st july 1988.Another machinery costing rs. 10000 was purchased on 1st september 1989.On 31st december,1990,the machinery purchased in 1988 was sold at a loss of rs.5000.The company charges depriciation at the rate of 15% p.a. on diminishing balance method.accounts are closed on 31st december every year.
Prepare the machinery account for 3 years
A company purchased a machinery for Rs 50,000 on 1 october 2007. Another machinery costing Rs 10,000 was purchased on 1 december 2008. On 31 march 2010, the machinery purchased in the 2007 was sold at a loss of Rs 5,000. The company charges depreciation at the rate of 15% p.a. on diminishing balance method. Accounts are closed on 31 march every year. Prepare machinery account for 3 years.
Distinguish between general reserve and specific reserve.
what do you mean by asset disposal account???????
A firm purchased on 1st April, 2009, a second hand Machinery for Rs 36,000 and spent Rs 4,000 on its installation. On 1st Oct. in the same year another Machinery costing Rs 20,000 was purchased. On 1st Oct., 2011, the Machinery bought on 1st April, 2009 was sold off for Rs 12,000 and on the same date a fresh Machine was purchased for Rs 64,000. Depriciation is provided annually on 31st March, @ 10% p.a. on the Written Down Value Method. Show the Machine account from 1st April, 2009 to 31st March, 2013.
Show the plant and machinery account for the first four year, if depreciation is written off according to straight line methods, the accounts are closed on 31st March every year (Balance of machinery account Rs. 87725)
chapter-15 (depreciation) practical questions 22.$23 plz do fast its important for me now
general reserve account and dividend equalisatin fund accounts are:personal, real, nominal and none. give the answer with explanation not only direct give the answer with reason i want a answer
on 1st jan,2006, A ltd purchased a machine for RS 240,000 and spent Rs 10,000 on its erection.On 1st july, 2008, an additional machinery costing 100,000 was purchased . On the same date, a new machine was purchased on 1st jan, 2006 was sold for Rs 143,000and on he same date , a new machine was purchased at a cot of 200,000.
SHow he machinery a/c for the first four calendar years after charging depreciation at 5% by the straight line method .
Modern ltd purchased a machinery on 1st may 2003 for rs 60,000. on 1st july ,2004 it purchased another machine for rs 20,000. on 31st march 2005 ,it sold the first machine purchased in 2003 for rs 38,500. depreciation is providedat 20% p.a.on the original cost each year. accounts are closed on 31st december each year. prepare the machinery a/c
which types of provision for depreciation a/c- (a) real a/c (b) nominal a/c (c) personal a/c
Carriage Transport Company purchased 5 trucks at the cost of Rs 2,00,000 each on April 01, 2001. The company writes off depreciation @ 20% p.a. on original cost and closes its books on December 31, every year. On October 01, 2003, one of the trucks is involved in an accident and is completely destroyed. Insurance company has agreed to pay Rs 70,000 in full settlement of the claim. On the same date the company purchased a second hand truck for Rs 1,00,000 and spent Rs 20,000 on its overhauling. Prepare truck account and provision for depreciation account for the three years ended on December 31, 2003. Also give truck account if truck disposal account is prepared.
On 1st January 1990, a company purchased a plant for Rs 60,000/-. On 1st July in the same year, it purchased additional plant worth Rs. 18000/- and spends Rs 2000 on its erection, On 1 st July 1992 the plant purchased on 1st Janurary 1990 having become obsolete, is sold off for Rs 27000/-. On 1st October, 1993, fresh plant was purchased for Rs 64000. Depreciation is provided at 10% per annum on original cost on 31st December every year, Sho plant account from 1990 to 1993.
Q3. On 1st january 2006, A Ltd. purchased a machine for Rs.2,40,000 and spent Rs.10,000 on its erection. On 1st july 2006 an additional machinery costing Rs.1,00,000 was purchased. On 1st July 2008, the machine purchased on 1st january 2006 was sold for Rs.1,43,000 and on the same date, a new machinery was purchased at a cost of Rs. 2,00,000. Show the Machinery Account for the first Four calender years after charging depreciation at 5% by Straight Line Method.
On 1st jan ,2011 a merchant purchased a furniture costing Rs 55,000.It is estimated that its working life is 10 years at the end of which it will fetch Rs 5,000. Additions are made on 1st jan 2002 and 1st july 2004 to the value of Rs 9,500and Rs 8,400 (residual values 500 and 400 respectively ).Show the furniture account for the first 4 years,if depreciation is written off according to the straight line meathod.
how to calculate profit or loss in the machinery account ?
need all the steps...!
chapter name :-
depreciation , provisions and reserves .question no . 2 year july 1 , 2000 the profit of the question is not correct to my solve notebookKumar & company purchased a machinery on 1st january 2003 for rs.54000 and spent rs.6000 on its installation . On 1st september 2004 it purchased another machine for Rs.30000.
On 31st march 2005 the first machine purchased on 1st january 2003 is sold for rs.36000 and on the same date it purchased a new machinery for rs.80000.
On september 1,2006 the second machine purchased on september 1, 2004 was sold off for Rs.26000. Depreciation was provided on machinery @ 10% p.a. on original cost method annually on 31st december . give the machinery account from 2003 to 2006.
Prepare the Machinery Account for the first three years ending 31st March 2014.
Sundry Debtors -- Rs.160000
Bad Debts written off -- Rs 9000
Discount allowed to Debtors ---Rs. 1800
Reserve for Bad and doubtful Debts 31-12-2011 --Rs. 16500
Reserve for discount on Debtors 31-12-2011 --Rs. 3200
You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts, bad debts reserve, discount account, and provision for discount on debtors.
what are dismantling charges
M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2001 for Rs 1,00,000. On July 01, 2002 another machine costing Rs 2,50,000 was purchased . The machine purchased on April 01, 2001 was sold for Rs 25,000 on October 01, 2005. The company charges depreciation @15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2006.
2015. Additional Machinery was acquired for `10,000 on 1st October 2016. A part of Machinery
purchased for `10,000 on 1st April 2015, was sold for `5,000 on 30Th July 2018. Prepare Machinery
Account for 4 years ending 31st March 2018, writing off depreciation @ 10% p.a on Written Down
Value Method.