# Question No 17 Chapter No 11 – Unimax 11 Class

Question No 17 Chapter No 11 – Unimax Class 11

On 1.1.2016, Mrs. Neelam Sharma bought a machinery for ₹ 25,000 on which she spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middle-man, ₹ 3,500 for installation and ₹ 500 for an iron pad. The machinery is depreciated @ 10% per annum on written down value basis. After four years the machine was sold to Deep for ₹ 30,500 and ₹ 500 were paid or loss on sale of machine if the accounts are closed on 31st December every year.

## The solution of Question No 17 Chapter No 11 –

 Dr. Machine A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 01/01/16 To Bank A/c 25,000 31/03/16 By Deprecation A/c 3,500 01/01/16 To Bank A/c (carriage and freight cost) 5,000 31/03/16 By Balance C/d 31,500 01/01/16 To Bank A/c (brokerage paid) 1,000 01/01/16 To Bank A/c (installation cost) 3,500 01/01/16 To Bank A/c 500 35,000 35,000 01/01/17 To Balance b/d 31,500 31/03/17 By Deprecation A/c 3,150 31/03/17 By Balance C/d 28,350 31,500 31,500 01/01/18 To Balance b/d 28,350 31/12/18 By Deprecation A/c 2,835 31/12/18 By Balance C/d 25,515 28,350 28,350 01/01/19 To Balance b/d 25,515 31/12/19 By Deprecation A/c 2,552 31/12/19 To Profit & loss A/c 7,037 31/12/19 By Balance C/d 30,000 32,552 32,552

It is all about Question No 17 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