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Question No 12 Chapter No 11 - Unimax 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.
| 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 | ||||||
It is all about Question No 12 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
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.
This guide covers "Question No 12 Chapter No 11 - Unimax 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax class 11 - 2021.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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15 November 2022
8 January 2023
