Question No 28 Chapter No 4
28. Prepare “T” Shape account for the Motor Vehicle and write the following transaction on the proper Side
| (i) Motor Vehicle purchased for Rs 5,50,000 |
| (ii) Motor Vehicle coating Rs 2,00,000 sold |
| (iii) Motor Vehicle fully damaged Rs 1,30,000 |
| (vi) Motor Vehicle purchased for Rs 2,30,000 on credit |
| (v) Depreciation on Motor Vehicle Rs 32,000 |
The solution of Question No 28 Chapter No 4: –
| Dr. | Cr. | ||||||
| S. No | Particulars |
J.F. | Amount | S. No | Particulars |
J.F. | Amount |
| (i) | Motor Vehicle Purchased | 5,50,000 | (ii) | Sale of Motor Vehicle | 2,00,000 | ||
| (iv) | Motor Vehicle purchased on credit | 2,30,000 | (iii) | Motor Vehicle Damaged | 1,30,000 | ||
| (v) | Depreciation on Motor Vehicle | 32,000 | |||||
| Motor Vehicle A/c | 4,18,000 | ||||||
| 7,80,000 | 7,80,000 | ||||||
What is Accounting Equation | Example
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)