Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Sharma & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2020, additional machinery was acquired for ₹ 50,000 on 1st October, 2020 2.25K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans Following balances exist in the books of Amrit as on 1st April, 2022 Machinery A/c 60,000 Provision for Depreciation A/c 36,000 1.35K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000 2.40K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following balances appear in the books of Satish Bros. on 1st April, 2022 Machinery Account ₹ 1,00,000 Accumulated Depreciation Account ₹ 36,000 1.97K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans You are given following balances as on 1st April, 2022 Machinery Account ₹ 12,50,000 Provision for Depreciation Account ₹ 2,90,000 2.67K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following information relates to Tit-Bit & Company’s Machinery Account Balance of Machinery Account as on 1st April, 2022 6,00,000 2.16K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 1.74K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans M/s P & Q purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the diminishing balance 1.86K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Astha Engineering Works purchased a machine on 1st July, 2019 for ₹ 1,80,000 and spent ₹ 20,000 on its installation 1.58K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A company purchased machinery for ₹ 50,000 on 1st October, 2020. Another machine costing ₹ 10,000 was purchased on 1st December, 2021 2.37K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A Ltd. purchased the following machines On 1st April, 2020 ₹ 40,000 On 1st October, 2020 ₹ 20,000 On 1st January, 2021 ₹ 10,000 1.77K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans X bought a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middleman, ₹ 3,500 for installation and ₹ 500 for an iron pad 1.86K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A firm whose books are closed on 31st March each year, purchased a machinery for ₹ 50,000 on 1st April, 2019. Additional machinery was acquired for ₹ 10,000 on 1st October, 2020 2.14K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Babu purchased on 1st April, 2021, a machine for ₹ 6,000. On 1st October, 2021, he also purchased another machine for ₹ 5,000 1.90K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Neena Textile Mills purchased on 1st January, 2021 a plant for ₹ 8,00,000. The firm charges depreciation @ 15% p.a. according to written Down Value Method 1.57K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Customs Duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000 1.42K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A Ltd. has the following balances on 1st April, 2022 Machinery Account 2,00,000 Provision for Depreciation Account 90,000 1.78K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following balances exist in the books of X Ltd. Machinery Account 5,00,000 Provision for Depreciation Account 2,25,000 2.00K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Following balances exist in the books of Rama Bros. 1.17K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans On 1st April, 2021, Machinery Account of Karan shows a balance of ₹ 96,000 (original cost ₹ 1,20,000). On 1st August, 2021, a machine for ₹ 60,000 was purchased and ₹ 9,000 were incurred for its freight and installation 1.83K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A firm purchased a second-hand machine on 1st April, 2019 and paid ₹ 1,40,000 for it. It spent on its overhauling and installation ₹ 20,000 1.89K viewsAnurag Pathak Changed status to publish October 24, 2023BRS 0 Votes 1 Ans A firm whose accounting year is a financial year, purchased on 1st July, 2019 machinery for ₹ 30,000. It further purchased machinery on 1st January, 2020 for ₹ 20,000 and on 1st October, 2020 for ₹ 10,000 1.34K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans M/s Sharad Bros. purchased machinery on 1st April, 2019 for ₹ 50,000. On 1st October, 2020, additions were made of ₹ 10,000 1.85K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Muskan Traders purchased four machines of ₹ 25,000 each on 1st July, 2019. On 30th September, 2020, the firm sold one of the machine purchased on 1st July, 2019 at a lost of ₹ 2,500 2.01K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A Van was purchased on 1st April, 2019 for ₹ 60,000 and ₹ 5,000 were spent on its repair and registration. On 1st October, 2020, another van was purchased for ₹ 70,000 1.42K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation « Previous 1 2 … 110 111 112 113 114 … 169 170 Next » Question and answer is powered by anspress.net
