Problem No 8 Chapter No 11 – Unimax 11 Class

Problem-No-8-Chapter-No-11-UNIMAX-Class-11
Problem-No-8-Chapter-No-11-UNIMAX-Class-11

Problem No 8 Chapter No 11 – Unimax Class 11

On 1st January 2018 M/s Atul and Bros. purchased 5 washing machines for ₹ 15,000 each. They sold on January 1,2019 one machinery for ₹ 12,500. They have decided to write off depreciation @ 10% on straight line method. Prepare washing machinery A/c, washing machinery disposal A/c and provision for depreciation a/c for two years. Accounts are closed on 31st December every year.

The solution of Problem No 8 Chapter No 11 –

Dr. Washing Machine A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
01/01/18 To Bank A/c   75,000 31/12/18 By Balance C/d   75,000
      75,000       75,000
01/01/19 To Balance b/d   75,000 01/01/19 By Machinery disposal A/c   15,000
        31/12/19 By Balance C/d   50,000
      75,000       75,000
Dr. Provision for Depreciation A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
31/12/18 By Balance C/d   75,000 31/12/18 By Deprecation A/c   75,000
      75,000       75,000
01/01/19 By Machinery disposal A/c   1,500   By Balance c/d   7,500
31/12/19 By Balance C/d   12,000 31/12/19 By Depreciation A/c   6,000
      13500       13500

 

Dr. Depreciation A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
01/01/19 To Machinery A/c   15,000 01/01/19 By Provision for depreciation a/c   1,500
        01/01/19 By Bank A/c   12,500
        01/01/19 By Profit & Loss A/c   1,000
               
      15,000       15,000


It is all about Problem No 8
 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

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: –

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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
  • 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

Read out the full article to know the meaning of Rectification of Errors 

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

Error Rectification in accounting – Explanation with 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 Relationship

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