Question 17 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 17 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 17 Chapter 1 – Unimax Class 12 Part 1

17. What amount of depreciation will be charged on Sports Equipments.

Particulars
Opening
Closing
Sports Equipment’s 3,500 1,900

The solution of Question 17 Chapter 1 – Unimax Class 12 Part 1:

Sports Equipment A/c

Particulars Amount Particulars Amount
To Bank b/d 3,500 By Cash (Sale) 2,000
To Cash (Purchase) 1,500 By Depreciation a/c (B/F) 1,100
By Bal. c/d 1,900
5,000 1,900

Depreciation transferred to Income & Expenditure A/c on Expenditure side Rs. 1,100.

This is all about the Question 17 Chapter 1 – Unimax. You can check out the following article to better understand:

Not-for-Profit Organisations – Meaning and Overview

You Can also read all above articles in Hindi on our Hindi Website

Not-for-Profit Organisations – Meaning and Overview – In Hindi

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Also, Check out the solved question of all Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication