# Question No 35 Chapter No 12 – D.K Goal 11 Class

Question No 35 Chapter No 12

35. The following balances appear in the books of M/s Amrit:

 1st April 2018 Machinery A/c 60,000 1st April 2018 Provision for depreciation A/c 36,000

On 1st April 2018, they decided to dispose of machinery for 8,400 which was purchased on 1st April 2014 for 16,000. You are required to prepare Machinery A/c, Provision for Depreciation A/c, and Machinery Disposal A/c for 2018-19. Depreciation was charged at 10% p.a on the original cost method.

## The solution of Question No 35 Chapter No 12: –

 Dr. Plant A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 1st Apr.2018 To Balance b/f 60,000 1st Apr 2018 By Machinery Disposal A/c 16,000 31st Mar 2019 By Balance C/d 44,000 60,000 60,000
 Dr. Machinery Disposal A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 1st Apr 2018 To Machine Disposal A/c 16,000 1st Apr 2018 By Provision for Depreciation A/c 6,400 1st Oct 2019 By Bank A/c (Sale) 8,400 1st Oct 2019 By Profit & Loss A/c 1,200 16,000 16,000
 Dr. Provision for Depreciation  A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 31stOct.2019 To Machine Disposal A/c 6,400 31st Apr 2018 By Balance b/d 40,000 1st Oct 2019 By Depreciation A/c (4,000 + 400) 4,400 31stMar.2019 To Balance b/f 34,000 44,400 44,400

Depreciation | Meaning | Methods | Examples

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## D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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