Question 30 Chapter 1 of +2-Part-1
30. (Depreciation) Calculate the amount of depreciation to be charged to 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:
- The solution of Question 30 Chapter 1 of +2 Part-1
- : –
- 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)
The solution of Question 30 Chapter 1 of +2 Part-1
: –
| 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: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
