Question 20 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 20 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 20 Chapter 1 – Unimax Class 12 Part 1

20. Calculate the amount of depreciation to be charged on surgical equipment’s during the year 2012. The value of surgical equipment’s on 1st Jan., 2021 was Rs. 1,50,000 and on 31st Dec., 2021 was Rs. 90,000. During the year the value of surgical equipment’s sold was Rs. 50,000.

The solution of Question 20 Chapter 1 – Unimax Class 12 Part 1: 

Date Particulars Amount Date Particulars Amount
1 Jan. 2012 To Balance b/d 1,50,000 31 Dec. 2012 By Cash (Sale) 50,000
      31 Dec. 2012 By Depreciation A/c (B/F) 10,000
      31 Dec. 2012 By Balance c/d 90,000
           
    1,50,000     1,50,000

Not-for-Profit Organisations – Meaning and Overview

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