Problem No 5 Chapter No 11 - Unimax 11 Class

Problem No 5 Chapter No 11 - Unimax Class 11

An asset was purchases for ₹ 1,00,000 on 1^st April,2015, Assuming annual depreciation to be 12% show the asset account for five years under written down value method.

The solution of Problem No 5 Chapter No 11 -

Dr.	Machine A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
1/4/2015	To Bank A/c		1,00,000	31/03/16	By Deprecation A/c		12,000
				31/03/14	By Balance C/d		88,000
			1,00,000				1,00,000
1/4/2016	To Balance b/d		88,000	31/03/17	By Deprecation A/c		10,560
				31/03/17	By Balance C/d		77,440
			88,000				88,000
1/4/2017	To Balance b/d		77,440	31/03/18	By Deprecation A/c		9,293
				31/03/18	By Balance C/d		68,147
			77,440				77,440
1/4/2018	To Balance b/d		68,147	31/03/19	By Deprecation A/c		8,178
				31/03/19	By Balance C/d		59,969
			68,147				68147
1/4/2019	To Balance b/d		59,969	31/03/20	By Deprecation A/c		7,196
				31/03/18	By Balance C/d		52,773
			59,969				59,969

It is all about Problem No 5 Chapter 10 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: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship