Depreciation, Popular Questions: ICSE Class 11-commerce ACCOUNTANCY, Financial Accounting

Sourabhladha asked a question

Subject: Accountancy, asked on on 23/10/18

On 1st January 2016 Ajith Transport Company purchase a truck for 400000 on 1st July 2017 district was involved in an accident and was destroyed and 300000 wire where received from insurance company in full settlement on the same date another truck was purchased by the company for 500000 + cgst and sgst 6% is the company rights of depreciation at 20% per annum on written down value method show the truck account for the first three years ending 31st March

Minaz Hussain asked a question

Subject: Accountancy, asked on on 27/9/16

different names of straight line method

Sanya Arora asked a question

Subject: Accountancy, asked on on 7/11/17

On 1 april 2010 0lant and machinery was purchased for 120000 new machinery was purchased on 1 october 2010 for 50000 and on 1 july 2011 for 25000 . On 1 january 2013 a machinery of the original value of 20000 which was included in the machinery purchased on 1 april 2010 was sold for 6000 prepare plant and machinery account for three years after providing depreciation at 10% p.a. on straight line method . Accounts are closed on 31 march every year

Shreyash asked a question

Subject: Accountancy, asked on on 20/2/20

Muskan Traders purchased four machines of ?25,000 each on 1st July, 2015. On 30th September, 2016, the firm sold one of the machine purchased on 1st July, 2015 at alias of ?2,500. The firm sold another machine on 31st December, 2017 at a profit of ?3,750.A new machine was purchased on 30th September, 2018 for ?31,250. Prepare Machinery Account for 4 years, assuming that accounts are closed on 31st March each year and depreciation is charged @ 10% p.a. as per Straight Line Method.

Sameeksha asked a question

Subject: Accountancy, asked on on 25/7/19

A company whose accounting year is calendar year purchased machinery for 500000

Q16. A company whose accounting year is calendar year purchased machinery for ₹5,00,000 on 1st January 2010. Additional machinery was acquired for ₹3,00,000 on 1st September 2011 and for ₹2,40,000 on 1st December 2014. Certain machinery purchased for ₹1,00,000 on 1st January 2010 was sold for ₹48,200 on 30th June 2013.
Prepare the machinery account upto the year 2014 after providing depreciation at 10% per annum on reducing instalment method.

Annynomus asked a question

Subject: Accountancy, asked on on 22/1/22

The cost of the Machinery in use with Pramod & Co.on 1st April, 2004 was Rs.3,00,000 against which the depreciation provision stood at Rs.1,00,000 on that date. The firm provided depreciation at 10% on the diminishing value. On 1st October 2004, a machine costing Rs.40,000 purchased on 1st April, 2002 was sold for Rs.32,000 and on the same date another machine was purchased for Rs.50,000. Show the following accounts in the books of Pramod & Co. for the year 2004-2005: 1. Machinery Account. 2. Provision for Depreciation Account. 3. Machinery Disposal Account

Annynomus asked a question

Subject: Accountancy, asked on on 22/1/22

The cost of the Machinery in use with Pramod & Co.on 1st April, 2013 was Rs.3,00,000 against which the depreciation provision stood at Rs.1,00,000 on that date. The firm provided depreciation at 10% on the diminishing value.
On 1st October 2013, a machine costing Rs.40,000 purchased on 1st April, 2011 was sold for Rs.32,000 and on the same date another machine was purchased for Rs.50,000.
Show the following accounts in the books of Pramod & Co. for the year 2013-14:
1. Machinery Account.
2. Provision for Depreciation Account.
3. Machinery Disposal Account

Sonam asked a question

Subject: Accountancy, asked on on 26/3/18

on 1.1.2012 B.Das purchased a Roasting Machinery for 60000 and a Grinding Machine for 40000. On 1.1.2013 he purchased one oil expeller for 100000. On 1.1.2014 the roasting machine got out of order and a new roaster

Deepanshu Rao asked a question

Subject: Accountancy, asked on on 10/11/17

Q.20. The Sameer Transport Company purchased 10 Trucks at Rs. 90,000 each on 1st April 2011. On 1st October 2013 one of the Trucks was involved in an accident is completely destroyed. Rs. 56,200 was received from the Insurance company in full settlement. On the same date another truck was purchased by the company for the sum of Rs. 1,00,000 . The company writes off 20% per annum on the Diminishing Balance Method. The company maintains the calendar year as its financial year. Show Truck Account for four years ending 31st December. 2014.

[Ans. Profit on one Truck Rs. 4,180 ; Balance of Trucks A/c on 31st Dec. 2014 Rs. 4,28,512]

Pallavi Prakash asked a question

Subject: Accountancy, asked on on 21/12/15

machinery was purchased on 1 jan 2012for 500000.on 30june 2014 machinery the original value of which was 8000 on 1 january 2012 was sold out for 6000...pls explain what is this original value and how to sale and charge deprection

Hushveen Kaur asked a question

Subject: Accountancy, asked on on 18/1/21

our company purchased second hand machinery on 1st May 2009 for 585000 and immediately spend 15000 on its election on 1st October 2010 it purchased another machine for 4 lacs on 31st July 2011 it sold of the first machine for 250000 and another for 420000 on 1st November 2012 second machine also sold off for 300000 depreciation was provided on machinery at 15% per annum on equal installment method show the machinery account for depreciation account is you mean that the books are closed on 31st March every year

Garima Dhanania asked a question

Subject: Accountancy, asked on on 2/10/19

Solve by straight line method

Komal Shukla asked a question

Subject: Accountancy, asked on on 30/12/17

Make a depriciationA/c

Aishwarya asked a question

Subject: Accountancy, asked on on 13/12/21

On 1st January 2003, a machinery was purchased by x for rs.50000 on 1st July 2004, addition were made to extend of rs.30000. On 1st April 2005, further addition were made to extend of rs.6400. On 30th june 2004, the original value of machinery was rs.8000. On 1st jan 2003 it was sold for rs.6000. Depreciation is charged at 10% per nanum in written down value method. Show machinery a/c for 3 years in the books of Mr.x. He closes his book on 31st december every year.

Monu asked a question

Subject: Accountancy, asked on on 8/10/17

Solve this:

Q20. B. Balan started business on 1^stJanuary, 2014, and on that date purchased machinery for Rs. 50,000. He decided to close his books each year on 31^st December and to depreciate machinery at 10% p.a. on the orighinal cost, assuming no scrap value at the end of the life of the machine.

On 1^st July of the following year he purchased another machine for Rs.20,000.
You are required to show:

(a) the Machinery Account as it would appear in the ledger from 1^st January, 2014 to 31^st December. 2016; and

(b) how this asset would appear in the Balance Sheet on 31^st December,2016.

Komal Shukla asked a question

Subject: Accountancy, asked on on 26/12/17

Solve this:

Alia asked a question

Subject: Accountancy, asked on on 14/11/18

Dk goel depreciation chp 12 aryan publication 2018 i need the solutions of this book

Palkesh asked a question

Subject: Accountancy, asked on on 22/3/19

Please solve my doubt question 2

Naman Arora asked a question

Subject: Accountancy, asked on on 3/8/18

plz give solution of sum 9,10,11

Mohit Beniya asked a question

Subject: Accountancy, asked on on 14/11/20

On 1st April, 2017, Amit Kumar purchased five machines for Rs. 60,000 each. Depreciation @ 10% p.a. on initial cost has been charged from the Profit and Loss account and credited to Provision for Depreciation Account.

On 1st April, 2018, one machine was sold for Rs. 50,000 and on 1st April, 2019 another machine was sold for Rs. 50,000. An improved model costing Rs. 1,00,000 was purchased on 1st October, 2018. Amit Kumar closes hi books on 31st March each year.

You are required to show:
1. Machinery Account
2. Machinery Disposal Account
3. Provision for Depreciation Account for the period of three accounting years ended 31st March, 2020.

Nikhil Ku Agrawal asked a question

Subject: Accountancy, asked on on 3/12/18

rpf company charge dapriciation on written down value method machinery due to (a)comparibility (b) consistensy (c)convinense (d) all the above with reason

Palkesh asked a question

Subject: Accountancy, asked on on 22/3/19

Question number 2

Moni asked a question

Subject: Accountancy, asked on on 4/8/19

T. S. Grewals 2019 chapter 14solutions

Janhavi asked a question

Subject: Accountancy, asked on on 26/12/19

Solve question 20.

Md Aamir Sohel asked a question

Subject: Accountancy, asked on on 20/12/18

Show me the solution and ledger.

Prateek asked a question

Subject: Accountancy, asked on on 22/2/20

Question no.9 depriciation

Ajomon asked a question

Subject: Accountancy, asked on on 18/2/17

how to do provision of depriciation with an example

Akshat Deep asked a question

Subject: Accountancy, asked on on 31/10/17

Jxdjdj

Annynomus asked a question

Subject: Accountancy, asked on on 25/1/22

pls solve this depreciation question to prepare machinery , PFD and depreciation account ASAP

Jyothi asked a question

Subject: Accountancy, asked on on 21/5/20

Answer please to mee

Yash Sinha asked a question

Subject: Accountancy, asked on on 12/10/20

Sum is from depreciation solve it

Shalini Sachan asked a question

Subject: Accountancy, asked on on 24/12/20

Kindly solve this question.

Virat Awasthi asked a question

Subject: Accountancy, asked on on 12/5/20

Depriciation ki entry kaun se account me hoti hai final accounting me (trading,profit andloss,balance sheet) aur debit ya credit me kis taraf

Yash Sinha asked a question

Subject: Accountancy, asked on on 4/10/20

Sum is from depreciation please solve it

Anamitra Mukhopdhyay asked a question

Subject: Accountancy, asked on on 11/8/20

Cannot solve this

Mohit Beniya asked a question

Subject: Accountancy, asked on on 15/11/20

Plss solve this one??????

Annynomus asked a question

Subject: Accountancy, asked on on 25/1/22

Q17 Depreciation Accounts

Harish asked a question

Subject: Accountancy, asked on on 29/8/21

In ques no.34 how the amount 176000 appear?