Questions Ask question Search Order By: ActiveCategoryClear Filter 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 1.73K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 1.72K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Priyank Brothers: 2.21K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the Book of Paras Bros 2.46K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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. 3.28K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 4.28K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 3.11K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 2.87K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 2.91K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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: 2.18K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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. 3.06K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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. 2.71K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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 2.53K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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. 3.25K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS 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: 1.13K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans From the following information supplied by Sanjay, prepare his Bank Reconciliation Statement as on 31st March, 2023: 1.54K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans Prepare Bank Reconciliation Statement as on 31st March, 2023 from the following particulars: R’s overdraft as per Pass Book ₹ 12,000 as on 31st March, 2023. 1.69K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans From the following particulars of Gurpreet, prepare Bank Reconciliation Statement showing the balance as per Cash Book on 31st March, 2023: 2.10K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans From the following particulars, you are required to ascertain the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2022: 1.54K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2023 when Pass Book shows a debit balance of ₹ 2,500: 1.54K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans On checking the Bank Pass Book it was found that it showed as overdraft of ₹ 5,220 as on 31st March, 2023, while as per Ledger it was different. The following differences were noted: 1.64K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2023, when Pass Book shows a debit balance of ₹ 2,500: 2.91K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans On 31st March, 2023, Pass Book of Sapna shows debit balance of ₹ 10,000. From the following particulars, prepare Bank Reconciliation Statement: 2.80K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans Bank Overdraft as per Pass Book 36,000 From the following information, prepare Bank Reconciliation Statement as on 31st March, 2023: 1.67K viewsAnurag Pathak Changed status to publish September 25, 2023BRSTS Grewal Class 11 0 Votes 1 Ans Overdraft balance shown by the bank column in the Cash Book of Vivek is ₹ 45,000. Prepare Bank Reconciliation Statement as on 31st December 2017: 3.11K viewsAnurag Pathak Changed status to publish September 24, 2023BRSTS Grewal Class 11 « Previous 1 2 … 111 112 113 114 115 … 161 162 Next » Question and answer is powered by anspress.net
