Category Depreciation Depreciation 57 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans On 1st April, 2019, Gurman Toys purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2019, an additional machinery costing ₹ 1,00,000 was purchased 2.31K viewsAnurag Pathak Changed status to publish March 18, 2024DepreciationTS Grewal Class 11 0 Votes 1 Ans Kabir bought a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brogerage of the middleman, ₹ 3,500 for installation and ₹ 500 for an iron pad 1.36K viewsAnurag Pathak Changed status to publish December 11, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st January, 2023, A sold goods to B for ₹ 10,000. A drew on B a bill for the amount payable 3 months after date. The bill was duly accepted by B 837 viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans On 1st April, 2020, Amit Kumar purchased five machines for ₹ 60,000 each. Depreciation @ 10% p.a. on initial cost has been charged from the Profit & Loss Account and credited to Provision for Depreciation Account 787 viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 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 1.38K 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 36,000 749 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 1.22K 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 1.07K 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 1.49K 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 1.06K 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 ₹ 30,000 871 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 941 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 843 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 909 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 ₹ 10,000 982 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 1.06K 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 1.06K 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 1.10K 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 684 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 ₹ 1,000 438 viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 1 2 3 Next » Question and answer is powered by anspress.net
