On 1.1.2004, a machinary was purchased for
Rs. 80,000. On 1.1.2005 additions were made to
the amount of Rs. 40,000. On 31.3.2006,
machinery purchased on 1.1.2005 costingRs. 12,000 was sold for Rs. 11,000, and on
30.6.2006, machinery purchased on 1.1.2004
costing Rs. 32,000 was sold for Rs. 26,700. On
1.10.2006 additions were made to the amount of
Rs. 20,000. Depreciation was provided at 10% per
annum on diminishing balance method.
Show the machinery A/c for three years from
2004-2006 (Accounts are closed every year on
31st December).
Answers
Answered by
4
Answer:
1.1.2004, a machinary was purchased for
Rs. 80,000. On 1.1.2005 additions were made to
the amount of Rs. 40,000. On 31.3.2006,
machinery purchased on 1.1.2005 costingRs. 12,000 was sold for Rs. 11,000, and on
30.6.2006, machinery purchased on 1.1.2004
costing Rs. 32,000 was sold for Rs. 26,700. On
1.10.2006 additions were made to the amount of
Rs. 20,000. Depreciation was provided at 10% per
annum on diminishing balance method.
Show the machinery A/c for three years from
2004-2006 (Accounts are closed every year on
Answered by
3
Answer:
2.13 The Bank column showed a debit balance of Rs. 2000
on 31st March 2016. On reconciling the following facts
were noticed :
4
1.
Cheque Rs. 500 deposited into the bank was
not collected & credited till 31st March.
2.
Cheque issued for Rs. 300 was not presented
to the bank for payment till 31-3 - 16.
3.
Interest credited by bank 30 Rs.
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