Question

A company purchased a machinery of Rs. 100000 on 01.04.2014, another machinery was purchased of Rs. 200000 on 01.01.2019.
1/10th part of the machine which was purchased on 01.04.2014 sold for Rs ,40313 on 01.04.2019. prepare machinery account from 01.04.2014 to 31.03.2020 by charging dep. @10% p.a. through written down value method​

Answer 1

Explanation:

From the following prepare Bank Reconciliation statement in the books of

Rajath and co., as on 30.9.2020.

a. Overdraft balance as per cashbook Rs. 28,470.

b. Interest allowed by bank of Rs.200 was entered twice in the cash

book.

c. It was found that total of one page on the payment side of the cash

book which was Rs. 1,250 was written as Rs.1,520 on the next page.

d. A cheque of Rs.32,000 issued to Insurance company was not yet

presented for payment

e. Out of cheques issued for Rs.7,500 cheques of Rs.5,000 were

presented for payment till the date.

f. Out of the cheques presented for payment one cheque of Rs.700

was not honored due to some technical reasons. No entry was passed

in the cash book for dishonor.