Category DK Goel Class 11 DK Goel Class 11 58 Questions 12 Sub CategoriesDK Cash Book(32)Dk Goel BRS(44)DK Goel Depreciation(39)Dk Goel Financial Statements(22)DK Goel Incomplete Records(22)Dk Goel Journal(12)DK Goel Subsidiary Book(16)Dk Goel Trial Balance(7)Dk Goel with Ajustment(33)Dk Rectification of Errors(52)Dk Trial Balance(0)GST(10) Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans Following balances appear in the books of Kaushal Traders as on 1st April, 2022: 6.88K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.62K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 6.62K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.43K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 6.90K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.57K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 5.89K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 4.73K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 4.35K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Priyank Brothers: 6.52K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS Grewal Class 11 0 Votes 1 Ans Following balances appear in the Book of Paras Bros 6.30K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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. 7.30K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 10.16K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.67K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.41K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 7.58K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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: 6.21K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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. 7.12K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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. 6.72K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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 5.40K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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. 7.17K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS 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: 4.84K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS Grewal Class 11 « Previous 1 2 … 12 13 14 Question and answer is powered by anspress.net
