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Question No 03 Chapter No 13 – USHA Publication 11 Class

Question No 03 Chapter No 13
Q-03 - CH-13 - USHA +1 Book 2020 - Solution

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Question No 03 Chapter No 13

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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

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Dr.Machine A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
01/04/15To Cash A/c 80,00031/03/16By Deprecation A/c 8,000
    31/03/16By Balance C/d 72,000
   80,000   80,000
01/03/16To Balance b/d 72,00031/03/17By Deprecation A/c 8,000
    31/03/17By Balance C/d 64,000
   72,000   72,000
01/03/17To Balance b/d 64,000
31/03/18By Deprecation A/c 8,000
    31/03/18By Balance C/d 56,000
   64,000   64,000
01/04/18To Balance b/d 56,00031/03/19By Deprecation A/c 8,000
    31/03/19By Balance C/d 48,000
   56,000   56,000

 

 

 

Depreciation | Meaning | Methods | Examples

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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

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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

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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)

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