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Question no 10 Chapter No 16 – Unimax Class 11

Question No 10 Chapter No 16 - UNIMAX Class 11
Question No 10 Chapter No 16 - UNIMAX Class 11

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Question No 10 Chapter No 16 – Unimax Class 11

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Machinery of ₹ 60,000 appears in the Trial Balance as on 31.3.2020 and a depreciation of 6% is charged p.a. pass necessary adjustment entry and show how it will appear in final accounts.

The solution of Question No 10 Chapter No 16 – UNIMAX Class 11

Journal
DateParticulars
L.F.DebitCredit
31.3.202031.3.2020 Depreciation A/cDr. 3,600 
  To Machinery A/c    3,600
  (Being depreciation charged on machinery 6% p.a.)     

 

                         Profit & Loss A/c

                           for the year ended 31st March,2020

 
Particulars
AmountParticularsAmount
Depreciation on machinery   3,600  

                         Balance Sheet

                                As at 31st March, 2020

 

 
Liabilities AmountAssets
Amount
  Machinery 60,000 
   Less: depreciation   3,600 56,400

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Comment if you have any Doubts.

Final Accounts: Meaning, Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

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Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

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Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

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Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

 

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