Category DK Goel Class 11 DK Goel Class 11 57 Questions 3 Sub CategoriesDK Goel Depreciation(39)Dk Goel Financial Statements(21)Dk Goel with Ajustment(3) Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 4.17K 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 4.71K 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 3.61K 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 5.53K 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 3.92K 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 4.59K 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 3.98K 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 3.34K 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 3.69K 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 3.78K 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. 2.97K 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 3.79K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 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 3.39K 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 3.52K 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 3.71K 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 2.91K 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 4.41K 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 2.81K 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 2.58K 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 3.02K 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 3.01K 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 2.73K 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 3.23K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 0 Votes 1 Ans Following balances appear in the books of Kaushal Traders as on 1st April, 2022: 5.73K 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 6.44K viewsAnurag Pathak Changed status to publish September 27, 2023DK Goel Class 11TS Grewal Class 11 « Previous 1 2 3 4 5 Next » Question and answer is powered by anspress.net
