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Problem No 2 Chapter No 11 - Unimax Class 11
A machinery is purchases for ₹ 60,000 on 1st April, 2013. Its usual life has been estimated 7 years. After the expiry of usual life, the scrap will realise ₹ 4,000. Prepare machinery account and depreciation account if depreciation is charges by fixed instalment method for 7 years.
| Dr. | Machine A/c | Cr. | ||||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount | |
|---|---|---|---|---|---|---|---|---|
| 1/4/2013 | To Bank A/c | 60,000 | 31/03/14 | By Deprecation A/c | 8,000 | |||
| 31/03/14 | By Balance C/d | 52,000 | ||||||
| 60,000 | 60,000 | |||||||
| 1/4/2014 | To Balance b/d | 52,000 | 31/03/15 | By Deprecation A/c | 8,000 | |||
| 31/03/15 | By Balance C/d | 44,000 | ||||||
| 52,000 | 52,000 | |||||||
| 1/4/2015 | To Balance b/d | 44,000 | 31/03/16 | By Deprecation A/c | 8,000 | |||
| 31/03/16 | By Balance C/d | 36,000 | ||||||
| 44,000 | 44,000 | |||||||
| 1/4/2016 | To Balance b/d | 36,000 | 31/03/17 | By Deprecation A/c | 8,000 | |||
| 31/03/17 | By Balance C/d | 28,000 | ||||||
| 36,000 | 36,000 | |||||||
| 1/4/2017 | To Balance b/d | 28,000 | 31/03/18 | By Deprecation A/c | 8,000 | |||
| 31/03/18 | By Balance C/d | 20,000 | ||||||
| 28,000 | 28,000 | |||||||
| 1/4/2018 | To Balance b/d | 20,000 | 31/03/19 | By Deprecation A/c | 8,000 | |||
| 31/03/19 | By Balance C/d | 12,000 | ||||||
| 20,000 | 20,000 | |||||||
| 1/4/2019 | To Balance b/d | 12,000 | 31/03/20 | By Deprecation A/c | 8,000 | |||
| 31/03/20 | By Balance C/d | 4,000 | ||||||
| 12,000 | 12,000 | |||||||
| Dr. | DepreciationA/c | Cr. | ||||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount | |
|---|---|---|---|---|---|---|---|---|
| 31/03/14 | To Machinery A/c | 8,000 | 31/03/14 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/15 | To Machinery A/c | 8,000 | 31/03/15 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/16 | To Machinery A/c | 8,000 | 31/03/16 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/17 | To Machinery A/c | 8,000 | 31/03/17 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/18 | To Machinery A/c | 8,000 | 31/03/18 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/19 | To Machinery A/c | 8,000 | 31/03/19 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
| 31/03/20 | To Machinery A/c | 8,000 | 31/03/20 | By profit & Loss A/c | 8,000 | |||
| 8,000 | 8,000 | |||||||
It is all about Problem No 2 Chapter 11 of Class 11 unimax, If you have any problem please comment below.
Read out the full article to know the meaning of Depreciation
Depreciation | Meaning | Methods | Examples
https://tutorstips.com/depreciation/
Also, Check out the same article in Hindi from the following link
Depreciation | Meaning | Methods | Examples-in Hindi
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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