Question No 07 Chapter No 17 – D.K Goal 11 Class

Question No 07 Chapter No 17

Question No 07 Chapter No 17

Free Accounting book Solution - Class 11 and Class 12

07. The following are a few transactions of Sugar Mill Company:-

  1. Acquired 500 Bighas of land for an agriculture farm at an annul rent of Rs 25,000 and paid Rs 2,000 per Bigha as Lease Premium.
  2. Spent 5 Lac. In purchasing animals and implement for the farm.
  3. Cost of pucca water drains constructed on the land Rs 50,000
  4. Two bullocks costing Rs 80,000 were killed by lightening
  5. Canal irrigation charges paid to Government Rs 10,000
  6. Besides sugarcane, other crops valued Rs 25,000 were produced and sold.
    State with reasons whether these items are capital or Revenue.

The solution of Question No 07 Chapter No 17: –

i Annul rent is revenue Expenditure and Lease premium is capital Expenditure
ii Capital Expenditure
iii Capital Expenditure
iv Loss is the capital Loss
v Reserve Expenditure
vi Reserve Expenditure

The provision in accounting: Types and Treatment

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

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 07 Chapter No 17 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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