Category: Chapter 11 – Depreciation – Unimax

Advertisement Question 23 Chapter 11 – Unimax Publications of Class 11 23. (with GST). ABC Ltd. Purchased on 1st April,2018 a plant for ₹ 1,00,000 plus CGST And SGST @ 6% each. On 1st October 2018, an additional plant was Read More …

Advertisement Question 22 Chapter 11 – Unimax Publications of Class 11 On January 01,2017 Khosla Transport Co. purchased five trucks for ₹ 20,000 each. Depreciation has provided at the rate of 10% p.a. using straight line method and accumulated in Read More …

Advertisement Question 21 Chapter 11 – Unimax Publications of Class 11 The following balance appear in the books of Gupta Ltd.Machinery A/c as on 1.4.2019 = ₹ 8,00,000povision for depreciation as on 1.4.2019 = ₹ 3,10,000On 1.7.2019 a machinery which Read More …

Advertisement Question 20 Chapter 11 – Unimax Publications of Class 11 On 1st Jan., 2017 a company purchased a machinery for ₹ 10,000. It spent ₹ 2,000 on its erection. On 1st July,2017 it purchased another machinery for ₹ 4,000. Read More …

Advertisement Question 19 Chapter 11 – Unimax Publications of Class 11 A firm purchased on 1st January, 2017 certain machinery for ₹ 5,82,000 and spent ₹ 10,8000 on its erection. On 1st July, 2017, additional machinery costing ₹ 2,00,000 was Read More …

Advertisement Question 18 Chapter 11 – Unimax Publications of Class 11 A company whose accounting year is the calendar year purchased on 1st April, 2017 machinery costing ₹ 30,000. It further purchased machinery on 1st Oct.2017 costing ₹ 20,000 and Read More …

Advertisement Question 17 Chapter 11 – Unimax Publications of Class 11 On 1.1.2019, Mrs. Neelam Sharma bought a machinery for ₹ 25,000 on which she spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middle-man, ₹ Read More …

Advertisement Question 16 Chapter 11 – Unimax Publications of Class 11 “Astha” Engineering works purchased a machine on 1st April, 2021 for ₹ 1,80,000 and spent ₹ 20,000 on its installation.On the 1st January 2022 it purchased another machine for Read More …

Advertisement Question 13 Chapter 11 – Unimax Publications of Class 11 The original cost of machinery amount to ₹ 4,000 and it is decided to write off 5% on the Diminishing value of asset as depreciation at the end of Read More …

Advertisement Question 12 Chapter 11 – Unimax Publications of Class 11 The original cost of machinery amount to ₹ 4,000 and it is decided to write off 5% on the Diminishing value of asset as depreciation at the end of Read More …

Advertisement Question 11 Chapter 11 – Unimax Publications of Class 11 Diminishing Balance Method Question.11 A company purchased a plant for ₹ 60,000 on 1st Jan.,2016. It is estimated that scrap value of this plant at the end of its Read More …

Advertisement Question 10 Chapter 11 – Unimax Publications of Class 11 X Ltd. has imported a machinery on 1st July, 2021 for ₹ 1,28,000, paid customs duty and freight ₹ 65,000 and incurred erection charges ₹ 48,000. Another local machinery Read More …

Advertisement Question 9 Chapter 11 – Unimax Publications of Class 11 K. Ltd. Purchased a machinery worth ₹ 8,00,000 as 1st January,2016. On 1st July,2017 it purchased a new machinery for ₹ 2,60,000 and spent ₹ 40,000 on its cartage Read More …

Advertisement Question 8 Chapter 11 – Unimax Publications of Class 11 From the following transactions of a concern, prepare machinery account for the year ending 31st Dec.2019:Jan.1: Purchased a second-hand machinery for ₹ 40,000.Jan.1: Spent ₹ 10,000 on repair for Read More …

Advertisement Question 6 Chapter 11 – Unimax Publications of Class 11 A company purchased machinery on 1st April,2018 costing ₹ 29,500, it spent ₹ 500 on its carriage. It further purchased machinery on 1st October,2018 costing ₹ 20,000 and on Read More …

Advertisement Question 5 Chapter 11 – Unimax Publications of Class 11 A Maruti van was purchased on 1.1.2021 for ₹ 60,000 and ₹ 5,000 was spent on its repairs and registration. On 1.7.2022 another van was purchases for ₹ 70,000. Read More …

Advertisement Question 4 Chapter 11 – Unimax Publications of Class 11 A company purchases a plant for ₹ 31,000 on January 1,2019. If further spent ₹ 1400 on its installation. It was brought into use from 1st May,2019. You are Read More …

Advertisement Question 3 Chapter 11 – Unimax Publications of Class 11 Vasu & Co. acquired a machine on 1st July,2016 at a cost of ₹ 70,000 and spent ₹ 5,000 on its installation and carriage. The firm writes off depreciation Read More …

Advertisement Question 2 Chapter 11 – Unimax Publications of Class 11 On 1st January 2016, a limited company purchases a machine for ₹ 72,000 and spent ₹ 4,000 on its installation. At the date of purchase, it was estimated that Read More …

Advertisement Question 1 Chapter 11 – Unimax Publications of Class 11 Straight Line Method A company purchases a plant for ₹ 20,000. The useful life of the plant of the plant is 8 years and the estimated residual value after Read More …