Question

Guys abhi help chahiye urgent hai please koi answer kardo
WHITE Ltd. is a manufacturing firm and has the following balances in their books as
on 1st April 2020:
Machinery A/c ₹4,00,000
Provision for Depreciation A/c ₹1,55,000
On 1-7-2020, a machinery which was purchased on 1-4-2017 for ₹60,000 was sold
for ₹25,000 and on the same date another machinery was purchased for ₹1,60,000.
The firm has been charging depreciation @15% p.a. on Original Cost Method and
closes its books on 31st March every year.
Read the above text carefully and answer the following questions:
Q.49 What is the total depreciation charged on the machinery sold?
a) ₹27,000
b) ₹36,000
c) ₹29,250
d) ₹29,500
Q.50 What is the Profit/Loss on the machinery sold?
a) ₹1,000 (Profit)
b) ₹8,000 (Loss)
c) ₹5,750 (Profit)
d) ₹5,750 (Loss)
Q.51 What is the balance of Machinery A/c as on 31st March 2021?
a) ₹5,00,000
b) ₹5,60,000
c) ₹5,30,750
d) ₹5,12,750
Q.52 What is the balance of Provision for Depreciation A/c as on 31st March 2021?
a) ₹2,26,250
b) ₹1,97,000
c) ₹2,24,000
d) ₹1,97,500

Answer 1

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