Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Credit sale of ₹ 5,700 to Mohan was recorded as ₹ 7,500 Pass the necessary Journal entries to rectify the following errors 3.14K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans How will you rectify the following errors? Sales Book is overcasted by ₹ 15,000. 1.43K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans How will be the following errors rectified? Sales Book is short casted by ₹ 20,000 1.93K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Kaushal Traders as on 1st April, 2022: 3.17K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Bharat Stores purchased on 1st July, 2020 machinery costing ₹ 30,000. It further purchased machinery on 1st January, 2021 costing ₹ 20,000 and on 1st October, 2021 costing ₹ 10,000 3.86K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st October, 2020, Rahul Traders purchased a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight; ₹ 1,000 for brokerage of the middle-man, ₹ 4,000 for installation 3.20K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Gurman & Co. purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the Diminishing Balance 3.57K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2020, a machinery was purchased for ₹ 20,000. On 1st October, 2021, another machine was purchased for ₹ 10,000 and on 1st April, 2022, one more machine was purchased for ₹ 5,000 3.09K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A company purchased a machine for ₹ 50,000 on 1st October, 2020. Another machine costing ₹ 10,000 was purchased on 1st December, 2021 3.46K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Shyam purchased on 1st April, 2021, a machine for ₹ 6,000. On 1st October, 2021, he purchased another machine for ₹ 5,000 2.93K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans The original cost of furniture amounted to ₹ 4,000 and it is decided to write off 5% on the original cost as Depreciation at the end of each year 1.94K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty, ₹ 7,000 and expenses of installation amounted to ₹ 1,000 1.90K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Priyank Brothers: 2.78K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the Book of Paras Bros 2.94K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st July, 2019, OM Ltd. purchases second-hand machinery for ₹ 20,000 and spends ₹ 3,000 on reconditioning and installing it. On 1st January 2020, the firm purchases new machinery worth ₹ 12,000. 3.61K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2010, Plant and Machinery was purchased for ₹ 1,20,000. New Machinery was purchased on 1st October, 2010 for ₹ 50,000 and on 1st July, 2011, for ₹ 25,000 5.16K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A company whose accounting year is a financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 3.78K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A Van was purchased on 1st April, 2020 for ₹ 60,000 and ₹ 5,000 was spent on its repair and registration. On 1st October, 2021 another Van was purchased for ₹ 70,000 3.40K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2019, Star Trading purchased 5 Machines for ₹ 60,000 each. On 1st April, 2021, one of the machine was sold at a loss of ₹ 8,000 3.40K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2023: 2.51K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st Apirl, 2016, a firm purchased a machinery for ₹ 1,05,000. The scrap value was estimated to be ₹ 5,000 at the end of asset’s 10 year’s life. 3.39K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2019, furniture costing ₹ 55,000 was purchased. It is estimated that its life is 10 years at the end of which it will be sold for ₹ 5,000. 3.18K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On Ist April, 2020, Starex purchased a machine costing ₹ 4,00,000 and spent ₹ 50,000 on its installation 2.85K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Mohan & Co. Purchased machinery for ₹ 21,000 on 1st April, 2020. The estimated useful life of machinery is 10 years, after which its realisable value will be ₹ 1,000. 3.90K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following: 1.61K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 « Previous 1 2 … 119 120 121 122 123 … 169 170 Next » Question and answer is powered by anspress.net
