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 each year.
Prepare the ledger account as it will appear during first four years.
The solution of Question 12 Chapter 11 – Unimax Publications of Class 11
| Dr. | Machine A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 1st year | To Bank A/c | 4,000 | By Deprecation A/c | 200 | |||
| By Balance C/d | 3,800 | ||||||
| 4,000 | 4,000 | ||||||
| 2nd yearq | To Balance b/d | 3,800 | By Deprecation A/c | 190 | |||
| By Balance C/d | 3,610 | ||||||
| 3,800 | 3,800 | ||||||
| 3rd year | To Balance b/d | 3,160 | By Deprecation A/c | 180.5 | |||
| By Balance C/d | 3,429.5 | ||||||
| 3,160 | 3,160 | ||||||
| 4th year | To Balance b/d | 3,429.5 | By Deprecation A/c | 171.5 | |||
| By Balance C/d | 3,258 | ||||||
| 3,429.5 | 3,429.5 | ||||||
| Dr. | Machine A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 1st year | To Machinery A/c | 200 | By Profit & Loss A/c | 200 | |||
| 200 | 200 | ||||||
| 2nd year | To Machinery A/c | 190 | By Profit & Loss A/c | 190 | |||
| 190 | 190 | ||||||
| 3rd year | To Machinery A/c | 180.5 | By Profit & Loss A/c | 180.5 | |||
| 180.5 | 180.5 | ||||||
| 4th year | To Machinery A/c | 171.5 | By Profit & Loss A/c | 171.5 | |||
| 171.5 | 171.5 | ||||||
Advertisement