Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A Limited purchased a machine on 1st July 2022 for ₹ 3,00,000 and on 1st January 2024 bought another machinery for ₹ 2,00,000. On 1st August 2024 machine bought in 2022 was sold for ₹ 1,60,000 849 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans X Ltd. purchased a plant on 1st July, 2020 costing ₹ 5,00,000. It purchased another plant on 1st September, 2020 costing ₹ 3,00,000. On 31st December, 2022 802 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans A company purchased second-hand machinery on 1st May, 2019 for ₹ 5,85,000 and immediately spent ₹ 15,000 on its erection. On 1st October, 2020, it purchased another machine for ₹ 4,00,000 779 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans X Ltd. which closes its books of account every year on 31st March, purchased on 1st October, 2019 machinery costing ₹ 4,40,000. It purchased further machinery on 1st April, 2020 costing ₹ 5,20,000 762 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st July 2021, ABC Ltd. purchases 4 machines for ₹ 80,000 each. The accounting year of the company ends on 31st March every year: Depreciation is provided at the rate of 15% p.a on original cost 848 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2021, a Company purchased 6 machines for ₹ 50,000 each. Depreciation at the rate of 10% p.a. is charged on Straight Line Method 901 viewsAnurag Pathak Changed status to publish December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On July 1, 2022 Pushpak Ltd. purchased a machinery for ₹ 5,70,000 and paid ₹ 30,000 for its overhaluing and installation. Depreciation is provided @ 20% p.a 805 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans A Company, which closes its books on 31st March every year, purchased on 1st July, 2017, machinery costing ₹ 30,000. It purchased further machinery on 1st January, 2018, costing ₹ 20,000 859 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans Raja Textiles Co. which closes its books on 31st March, purchased a machine on 1-4-2016 for ₹ 50,000. On 1-10-2017, it purchased an additional machine for ₹ 30,000 872 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans The Sameer Transport Company purchased 10 Trucks at ₹ 90,000 each on 1st April 2019. On 1st October 2021 one of the Trucks was involved in an accident and is completely destroyed 985 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans On April 01, 2019 Jain & Sons purchased a second hand plant costing ₹ 2,00,000 and spent ₹ 10,000 on its overhauling. He also spent ₹ 5,000 on transportation and installation of the plant. 826 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A limited company purchased on 01-01-2022 a plant for ₹ 38,000 and spent ₹ 2,000 for carriage and brokerage. On 01-04-2023 it purchased additional plant costing ₹ 20,000 825 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans Ashoka Ltd. bought a machine on 1st April, 2020 for ₹ 2,40,000 and spent ₹ 4,000 on its carriage and ₹ 6,000 towards installation cost 899 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A Company purchased a machinery for ₹ 50,000 on 1st Oct., 2016. Another machinery costing ₹ 10,000 was purchased on 1st Dec., 2017. On 31st March, 2019, the machinery purchased in 2016 was sold at a loss of ₹ 5,000 811 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans Urja industries Ltd. purchased on 1st January, 2016, a machinery for ₹ 1,60,000. On 1st April, 2017, it purchased additional machinery costing ₹ 96,000 819 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A firm purchased on 1st April, 2021, a second-hand Machinery for ₹ 3,20,000 and spent ₹ 40,000 on its installation. However, it started functioning on 1st June, 2021 957 viewsAnurag Pathak Changed status to publish December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A Company purchased a second-hand machine on 1st April, 2022, for ₹ 30,000 and immediately spent ₹ 4,000 on its repair and ₹ 1,000 on its installation 801 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A plant is purchased for ₹ 2,70,000 on 1st April, 2021. Installation charges paid on the plant is ₹ 30,000. It is estimated that the residual value of this plant at the end 626 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans From the following transactions of a concern, prepare Machinery Account for the year ending 31st March, 2023 746 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2020, Plant and Machinery was purchased for ₹ 1,20,000. New machinery was purchased on 1st Oct., 2020, for ₹ 50,000 and on 1st July, 2021, for ₹ 25,000 1.01K viewsAnurag Pathak Changed status to publish December 15, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st October, 2016, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October, 2018, it buys additional machinery worth ₹ 10,000 885 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Bhushan & Company purchased a Machinery on 1st April, 2019, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2020, it purchased another machine for ₹ 30,000. 905 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Abhinandan Ltd. bought a machinery on 1st August, 2017, costing ₹ 90,000. It purchased further machinery on 1st December, 2017 costing ₹ 60,000 and on 1st October, 2018 it bought machine costing ₹ 40,000 845 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st January, 2020, A Ltd. Purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st July, 2020 an additional machinery costing ₹ 1,00,000 was purchased 883 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans A Ltd. purchased a machine for ₹ 5,00,000 on 1st April, 2022. Further addition were made on 1st October 2022 and on 1st July 2023 for ₹ 4,00,000 and ₹ 3,00,000 respectively. 907 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation « Previous 1 2 … 10 11 12 13 14 … 187 188 Next » Question and answer is powered by anspress.net
