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Question 49 Chapter 1 VK Publications Class 12 Part 2 – 2021
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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
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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
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