# Question No 16 Chapter No 11 – Unimax 11 Class

Question No 16 Chapter No 11 – Unimax Class 11

“Astha” Engineering works purchased a machine on 1st April, 2017 for ₹ 1,80,000 and spent ₹ 20,000 on its installation.
On the 1st January 2018 it purchased another machine for ₹ 2,40,000. On 1st July 2019, the machine purchased on 1st April, 2017 was sold for ₹ 1,45,000. On 1st October,2019 another machine was purchased for ₹ 4,00,000.
Prepare machinery account from 2017 to 2019 after charging depreciation @ 10% p.a. diminishing balance method. Account are closed on 31st December every year.

## The solution of Question No 16 Chapter No 11 –

 Dr. Machine A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 01/04/17 To Balance b/d 1,80,000 31/12/17 By Deprecation A/c 15,000 01/04/17 To Bank A/c 20,000 31/12/17 By Balance C/d 1,85,000 2,00,000 2,00,000 01/01/18 To Balance b/d 1,85,000 31/12/18 By Deprecation A/c 42,500 01/01/18 To Bank A/c 2,40,000 31/12/18 By Balance C/d 3,82,500 4,40,000 4,40,000 01/01/19 To Balance b/d 3,82,500 31/10/19 By Bank A/c 1,45,000 01/01/19 To Bank A/c 4,00,000 31/10/19 By Profit & Loss A/c 13,175 31/12/19 By Deprecation A/c 39,925 31/12/19 By Balance C/d 5,84,400 7,82,500 7,82,500

Working Note:
(1) Depreciation on machinery purchased on Apr. 1,2017:
Dep. On Dec.31,2017 = ₹ 15,000
Dep. On Dec.31,2018 = ₹ 18,500
Dep. On Dec.31,2019 = ₹ 8,325
(2) Loss on sales of machinery = ₹ (1,58,175-1,45,000) = ₹ 13,175
(3) Depreciation on machinery purchased on Jan.1,2018:
Dec. on Dec.31,2018 = ₹ 24,000
Dep. on Dec.31,2019 = ₹ 21,600
(4) Depreciation on machinery purchased on Oct.1,2019 on Dec.31,2019 = ₹ 10,000

It is all about Question No 16
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