Problem No 2 Chapter No 11 – Unimax 11 Class

Posted by By Rajan Suman 9 Min Read June 12, 2022
Problem-No-2-Chapter-No-11-UNIMAX-Class-11
Problem-No-2-Chapter-No-11-UNIMAX-Class-11

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.

The solution of Problem No 2 Chapter No 11 –

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

Depreciation | Meaning | Methods | Examples

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

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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 RelationshipChapter 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

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
  •  

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