Ask question Search Order By: ActiveCategoryClear Filter 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 359 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. 286 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 ₹ 20,000 319 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 316 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 ₹ 5,000 302 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 ₹ 96,000 307 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 341 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 314 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 254 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 286 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 ₹ 25,000 346 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 ₹ 10,000 319 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. 322 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 ₹ 40,000 315 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 323 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. 330 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Chandra Ltd. purchased a second-hand machine for ₹ 2,68,000 plus CGST and SGST @ 6% each on 1st July, 2021. They spent ₹ 32,000 on its overhaul and installation 302 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2021, a limited company purchased a Machine for ₹ 9,80,000 and spent ₹ 20,000 on its installation. At the date of purchase, it was estimated that the scrap value of the machine would be ₹ 40,000 at the end of the eighth year. 285 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans A and B share the profits of a business in the ratio of 5 : 3. They admit C into the firm for a 1/4th share in the profits to be contributed equally by A and B 416 viewsAnurag Pathak Changed status to publish December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses as 5 : 3. The position of the firm as at 31st March, 2022 was as follows: 383 viewsAnurag Pathak Answered question December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans Rohit and Bal sharing profits in the ratio of 5 : 3 has the following Balance Sheet as at March 31, 2022: 348 viewsAnurag Pathak Answered question December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners in a firm. Their Balance Sheet as at 31st March, 2022 was as follows: Capital: A ₹ 50,000 B ₹ 60,000 355 viewsAnurag Pathak Answered question December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans The Balance Sheet of A and B as at 31st March, 2022 is given below: A’s Capital ₹ 60,000 B’s Capital ₹ 30,000 361 viewsAnurag Pathak Answered question December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits and losses in the ratio of 3 : 2. On April 1, 2022, their Balance Sheet was as follows: 377 viewsAnurag Pathak Changed status to publish December 4, 2025DK Goel Admission of a Partner 0 Votes 1 Ans A and B were partners with fixed capitals of ₹ 3,70,000 each. They admitted C as a new partner for 1/4th share of profits. C brought ₹ 3,00,000 as his capital and the necessary amount of goodwill premium for his share of goodwill 375 viewsAnurag Pathak Answered question December 4, 2025DK Goel Admission of a Partner « Previous 1 2 … 5 6 7 8 9 … 182 183 Next » Question and answer is powered by anspress.net
