Question 9 Chapter 6 – Unimax Publications of Class 11

Question 9 Chapter 6 – Unimax Publications of Class 11

9. Pass the Journal entries and prepare Machinery Account:
2023
May 1 Machine purchased for cash Rs. 2,00,000
May 5 Machine withdraw for domestic use Rs. 10,000
May 13 Depreciation on machine Rs. 2,000
May 15 Sold Machine for cash Rs. 30,000
May 19 Bought Furniture for cash Rs. 25,000
May 25 Machine bought for personal use Rs. 22,000

The solution of Question 9 Chapter 6 – Unimax Publications of Class 11:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2023
May 1	Machine Account	Dr.		2,00,000
	To Cash Account				2,00,000
	(Being machine purchased for cash)
May 5	Drawings Account	Dr.		10,000
	To Machine Account				10,000
	(Being machine withdrawn for domestic use)
May 13	Depreciation Account	Dr.		2,000
	To Machine Account				2,000
	(Being depreciation charged on Machine)
May 15	Cash Account	Dr.		30,000
	To Machine Account				30,000
	(Being Machine sold for cash)
May 19	Furniture Account	Dr.		25,000
	To Cash Account				25,000
	(Being Furniture bought for cash)
May 25	Drawings Account	Dr.		22,000
	To Cash Account				22,000
	(Being Machine bought for personal use)

LEDGER :

MACHINE ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
May 1	To Cash Account	2,00,000	May 5	By Drawings Account	10,000
			May 13	By Depreciation Account	2,000
			May 15	By Cash Account	30,000
				By Balance c/d	1,58,000
		2,00,000			2,00,000
	To Balance b/d	1,58,000