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Category TS Grewal Class 11

TS Grewal Class 11 244 Questions

20 Sub Categories

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

295 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

299 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

330 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

303 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

248 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

278 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

338 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

305 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.

312 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

304 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

315 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.

321 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

295 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.

276 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation

0 Votes 1 Ans

Following is the Trial Balance of Karman on 31st March, 2025: Capital ₹ 8,00,000 Drawings ₹ 60,000

631 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Following is the extract from a Trial Balance: Machinery ₹ 4,00,000 Furniture ₹ 2,00,000

461 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Following balance of asset is taken from the books of Dhruv as on 1st April, 2024: Plant and Machinery – ₹ 12,00,000

487 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Net Profit of a firm is ₹ 1,05,000 before charing commission. Manager of the firm is to be paid commission of 5% on the Net Profit after charing his commission

655 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Give Journal entries for the following adjustments in final accounts: Salaries ₹ 5,000 are outstanding. Insuarnce amounting to ₹ 2,000 is paid in advance

655 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Ramesh valued stock at the end of the year at ₹ 1,00,000. Goods costing ₹ 5,000 were destroyed by fire during the accounting period

485 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025: Purchases ₹ 4,50,000 Sales ₹ 3,75,000

501 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Mohan’s Profit & Loss Account shows net profit of ₹ 1,76,000 before charging commission of manager

466 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Sanjiv’s Trial Balance as on 31st March, 2025 shows the following information: Purchases ₹ 2,80,000 Sales ₹ 3,50,000

469 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 5,15,000 Bad Debts ₹ 12,500

497 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Trial Balance of Manish gives the following information: Debtors ₹ 2,50,000 Bad Debts ₹ 2,500 Discount Allowed ₹ 4,500

691 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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