Q.31. The Sameer Transport Company purchased 10 Trucks at Rs.90,000 each on 1"' April 2011. On 1" October
2013 one of the Trucks was involved in an accident and is completely destroyed. Rs.56,200 was received from
the Insurance company in full settlement. On the same date another truck was purchased by the company for the
sum of Rs.1,00,000. The company writes off 20% per annum on the Diminishing Balance Method. The
company maintains the calendar year as its financial year. Show the Truck Account for four years ending 31"
December, 2014.
(8)
Answers
Answer:
The water cycle shows the continuous movement of water within the Earth and atmosphere. ... Liquid water evaporates into water vapor, condenses to form clouds, and precipitates back to earth in the form of rain and snow. Water in different phases moves through the atmosphere (transportation).
Answer:
Explanation:
Truck Account
To bank A/c( 90000 *10) 900000 By Depreciation 135000
By Bal c/d 765000
900000 900000
To Bal b/d 765000 By Depreciation 153000
By Bal c/d 612000
765000 765000
To Bal b/d 612000 By Depreciation 10200
To Bank A/c 100,000 By P & l A/c 1600
By Bank A/c 56200
By Depreciation 113800
By bal c/d 530200
712000 712000
To Bal b/d 530200 By Depreciation 106040
By Bal c/d 424160
530200 530200