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

Question No 35 Chapter No 12

Question No 35 Chapter No 12

Free Accounting book Solution - Class 11 and Class 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

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

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

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 35 Chapter No 12 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

Leave a Reply

Your email address will not be published. Required fields are marked *