Questions Ask question Search Order By: ActiveCategoryClear Filter 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 1.57K 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 1.65K 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 1.62K 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 1.62K 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 1.36K 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 ₹ 1,000 784 viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.53K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following balances exist in the books of X Ltd. Machinery Account 5,00,000 Provision for Depreciation Account 2,25,000 1.62K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Following balances exist in the books of Rama Bros. 1.01K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.60K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A firm purchased a second-hand machine on 1st April, 2019 and paid ₹ 1,40,000 for it. It spent on its overhauling and installation ₹ 20,000 1.66K viewsAnurag Pathak Changed status to publish October 24, 2023BRS 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 1.18K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.56K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.75K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.24K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.79K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 ₹ 40,000 991 viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 ₹ 5,000 960 viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.34K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans On 1st April, 2020, Sanjay purchased machinery for ₹ 40,000 and spent ₹ 5,000 on its installation 1.20K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 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 1.18K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Calculate the amount of annual depreciation and rate of depreciation under Straight Line Method in each of the alternative cases 1.37K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Bank Pass Book of Srijan showed an overdraft of ₹ 33,575 on 31st March, 2023, while going through the Bank Pass Book the accountant found the following 868 viewsAnurag Pathak Changed status to publish October 24, 2023BRS 0 Votes 1 Ans Balance as per Bank Pass Book on 31st March, 2023 overdrawn ₹ 10,000 850 viewsAnurag Pathak Changed status to publish October 24, 2023BRS 0 Votes 1 Ans From the following particulars, you are required to determine the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2022 670 viewsAnurag Pathak Changed status to publish October 24, 2023BRS « Previous 1 2 … 102 103 104 105 106 … 161 162 Next » Question and answer is powered by anspress.net
