Question

Following transactions were done in the month of March 2020.
It was decided to provide 10% interest on capital to the owners of business at the end of financial year irrespective of profit/loss for the year. Accordingly, interest was paid to the owners by cheque
Installation and erecting charges Rs 50,000 were not capitalized to machinery. The same will be considered in the month of March. This amount is paid by cheque.
It was decided to provide depreciation as per following rates for various assets
Plant & Machinery – 10% p.a.
Land & Building – 5% p.a.
Tools – 100% p.a.
Patents appreciated by 10% p.a.
Interest on short term loan was paid by cheque for the entire year.
Creditors gave a discount of 10% based on full repayment.​

Answer 1

Explanation:

在2020年3月完成了以下交易。

決定在財政年度結束時向企業所有人提供10％的資本利息，而與該年度的損益無關。因此，利息是通過支票支付給業主的

50,000盧比的安裝和架設費用未資本化為機械。 3月將考慮同樣的情況。這筆款項以支票支付。

已決定按以下匯率為各種資產提供折舊

廠房和機械-年利率10％

土地和建築物-每年5％

工具-每年100％

專利每年增長10％

短期貸款的利息以全年支票支付。

債權人基於全額還款給予了10％的折扣。