Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 4.66K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 5.20K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.06K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 5.94K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.27K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.93K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.38K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 3.59K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.08K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.17K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans Following balances exist in the books of Rama Bros. 3.30K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.16K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.62K 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 3.84K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 3.93K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 4.06K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 3.25K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans On 1st April, 2019, Bhushan purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its installation. On 1st October, 2019, another machinery costing ₹ 1,00,000 was purchased 4.96K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans From the following transactions of a firm, prepare Machinery Account for the year ended 31st March, 2022: Purchased second-hand machinery for ₹ 40,000 3.16K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans On 1st April, 2018, Ajay Bros. purchased office furniture for ₹ 55,000. It is estimated to have useful life of 10 years at the end of which it can be sold for ₹ 5,000 3.00K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans On 1st April, 2018, Rupa & Co. Purchased a machinery for ₹ 3,00,000 and incurred ₹ 21,000 as freight and insurance, ₹ 3,000 as carriage inwards and ₹ 6,000 as installation charges 3.32K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans On 1st April, 2020, Sanjay purchased machinery for ₹ 40,000 and spent ₹ 5,000 on its installation 3.32K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans Shiv & Co. purchased machinery for ₹ 21,000 on 1st April, 2019. The estimated useful life of the machinery is 10 years, after which its realisable value will be ₹ 1,000 2.99K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans Calculate the amount of annual depreciation and rate of depreciation under Straight Line Method in each of the alternative cases 3.65K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans Bank Pass Book of Srijan showed an overdraft of ₹ 33,575 on 31st March, 2023, while going through the Bank Pass Book the accountant found the following 3.59K viewsAnurag Pathak Changed status to publish October 24, 2023BRS « Previous 1 2 … 128 129 130 131 132 … 186 187 Next » Question and answer is powered by anspress.net
