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

Question 30 Chapter 1 of +2-Part-1

Table of Contents

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.

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