# Question No 03 Chapter No 13 – USHA Publication 11 Class

Question No 03 Chapter No 13

Rate of Depreciation is given

3. Upkar Singh purchased a machine costing Rs 80,000 on 1st Aril,2015. Prepare the machinery account for 4 years, when depreciation id charged @ 10%p.a. on original cost an the books are closed on 31st March every year

The solution of Question No 03 Chapter No 13:-

The method of calculating the Deprecation rate:

 Amount of Depreciation = Cost of Machinery / Rate of Depreciation = 80,000 / 10 X 100 = 8,000

 Dr. Machine A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 01/04/15 To Cash A/c 80,000 31/03/16 By Deprecation A/c 8,000 31/03/16 By Balance C/d 72,000 80,000 80,000 01/03/16 To Balance b/d 72,000 31/03/17 By Deprecation A/c 8,000 31/03/17 By Balance C/d 64,000 72,000 72,000 01/03/17 To Balance b/d 64,000 31/03/18 By Deprecation A/c 8,000 31/03/18 By Balance C/d 56,000 64,000 64,000 01/04/18 To Balance b/d 56,000 31/03/19 By Deprecation A/c 8,000 31/03/19 By Balance C/d 48,000 56,000 56,000

Depreciation | Meaning | Methods | Examples

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)