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

Question 30 Chapter 1 of +2- Part-

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 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)

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

2 Book 1 min - Question 30 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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