# Question No 15 Chapter No 11 – Unimax 11 Class

Question No 15 Chapter No 11 – Unimax Class 11

15. A company purchased a machinery for ₹ 50,000 on 1st July,2017. Another machinery costing ₹ 10,000 was purchased on 1st sept. 2018. On 31st dec.,2019, the machinery purchased in 2017 was sold at a loss of ₹ 5,000. The company charges depreciation at the rate of 15% on diminishing balance method. Accounts are closed on 31st dec. every year. Prepare machinery account for 3 years.

## The solution of Question No 15 Chapter No 11 –

 Dr. Machine A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 01/07/17 To Balance b/d 50,000 31/12/17 By Deprecation A/c 3,750 31/12/17 By Balance C/d 46,250 50,000 50,000 01/01/18 To Balance b/d 46,250 31/12/18 By Deprecation A/c 7,438 01/08/18 To Bank A/c 10,000 31/12/18 By Balance C/d 48,812 56,250 56,250 01/01/19 To Balance b/d 48,812 31/10/19 By Bank A/c 28,415 31/10/19 By Profit & Loss A/c 5,000 31/12/19 By Deprecation A/c 7,322 31/12/19 By Balance C/d 8,075 48,812 48,812

Working Notes:
(1) Depreciation on machinery purchased on July,1,2017.
Dep. On Dec. 31,2017 = ₹ 3,750
Dep. On Dec. 31,2018 = ₹ 6,938
Dep. On Dec. 31,2019 = ₹ 5,897
(2) Book value of machinery sold on 31/12/2017 = ₹ 33,415(28,415+5,000)
(3) Dep. On machinery purchased on sept. 1,2018:
Dep. On 31/12/2018 = ₹ 500
Dep. On 31/12/2019 = ₹ 1,425
It is all about Question No 15
Chapter 11 of Class 11 unimax, If you have any problem please comment below.

Depreciation | Meaning | Methods | Examples

Depreciation | Meaning | Methods | Examples

Also, Check out the same article in Hindi from the following link

Depreciation | Meaning | Methods | Examples-in Hindi

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
• 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

Error Rectification in accounting – Explanation with examples

Also, Check out the same article in Hindi from the following link

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