Question 49 Chapter 1 VK Publications Class 12 Part 2 – 2021
Table of Contents
49. From the following information, prepare ‘Notes to Accounts on Depreciation and Amortisation’ in the books of accounts of Peaceful Ltd. for the year ended 31st March, 2018 :
Building Rs. 8,00,000
Plant and Machinery Rs. 5,00,000
Furniture and Fixtures Rs. 80,000
Depreciation charged on fixed assets @5%
Goodwill amortised Rs. 40,000
Patents amortised Rs. 15,000
The solution of Question 49 Chapter 1 VK Publications Class 12 Part 2: –
| Particulars | Rs. | 31st March 2018 |
| Depreciation and amortization Expenses | ||
| (a) Depreciation | ||
| Building | 40,000 | |
| Plant and Machinery | 25,000 | |
| Furniture and Fixtures | 4,000 | 69,000 |
| (b) Amortization | ||
| Goodwill Amortised | 40,000 | |
| Patents Amortised | 15,000 | 55,000 |
| Finance Cost to be shown in the Statement of profit and loss | 1,24,000 |
Financial Statements of a Company and Its formats
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