Question No 4 Chapter No 11 - Unimax 11 Class

Question No 4 Chapter No 11 – Unimax Class 11

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The solution of Question No 4 Chapter No 11 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

A company purchases a plant for ₹ 31,000 on January 1,2016. If further spent ₹ 1400 on its installation. It was brought into use from 1st May,2016. You are required to prepare plant account and depreciation account for the first four years when rate of depreciation is 10% p.a. on straight line method.

The solution of Question No 4 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		31,000	31-12-2016	By Deprecation A/c		2,160
01/05/16	To Bank A/c (installation cost)		1,400	31-12-2016	By Balance C/d		30,240
			32,400				32,400
01/01/17	To Balance A/c		30,240	31-12-2017	By Deprecation A/c		3,240
				31-12-2017	By Balance C/d		27,000
			30,240				30,240
01/01/18	To Balance b/d		27,000	31-12-2018	By Deprecation A/c		240
				31-12-2018	By Balance C/d		56,250
			27,216				27,216
01/01/19	To Balance b/d		23,760	31-12-2019	By Deprecation A/c		3,240
				31-12-2019	By Balance C/d		20,520
			23,760				23,760

Dr.	DepreciationA/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
31/12/16	To Machinery A/c		2,160	31/12/16	By Profit & Loss A/c		2,160

			2,160				2,160
31/12/16	To Machinery A/c		2,160	31/12/16	By Profit & Loss A/c		2,160

			2,160				2,160
31/12/16	To Machinery A/c		2,160	31/12/16	By Profit & Loss A/c		2,160

			2,160				2,160

31/12/16	To Machinery A/c		2,160	31/12/16	By Profit & Loss A/c		2,160

			2,160				2,160

31/12/16	To Machinery A/c		2,160	31/12/16	By Profit & Loss A/c		2,160

			2,160				2,160

It is all about Question No 4 Chapter 10 of Class 11 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Depreciation

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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

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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

Question No 4 Chapter No 11 – Unimax 11 Class

The solution of Question No 4 Chapter No 11 –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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