Question 30 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 30 Chapter 1 of +2-Part-1

30. (Depreciation) Calculate the amount of depreciation to be charged to the Income and Expenditure Account for the year 2015.

Particulars	As on 1.1.2015	As on 31.12.2015
Office Equipment	–	90,000

Purchase of office equipment during the year Rs.22,000. Sale of office equipment during the year Rs.16,500.

The Content covered in this article:

Interest to be credited to Income and Expenditure account
Particulars		Amount
Office Equipment as on 1st January 2015		42,000
Add: Office Equipment purchased during the year 2015		22,000
		64,000
Less: Office Equipment sold during the year	16,500
Closing Stock as on 31 Dec. 2015	38,000	(54,500)
Sports Fund balance as on 31-3-2015		9,500

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement