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Question No 6 Chapter No 11 – Unimax 11 Class

Qustion-No-6-Chapter-No-11-UNIMAX-Class-11
Qustion-No-6-Chapter-No-11-UNIMAX-Class-11

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Question No 6 Chapter No 11 – Unimax Class 11

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A company purchased machinery on 1st April,2018 costing ₹ 29,500, it spent ₹ 500 on its carriage. It further purchased machinery on 1st October,2018 costing ₹ 20,000 and on 1st July,2019 costing ₹ 10,000. On 1st January 2020. The machinery installed on 1st April 2018 was sold for ₹ 3,000.
Prepare machinery account for 3 years if depreciation is to be charged @ 10% p.a. by Fixed installment method. The books are closed on 31st December each year

The solution of Question No 6 Chapter No 11 –

Dr.Machine A/cCr.
DateParticularsJ.F.AmountDateParticularsJ.F.Amount
01/04/18To Bank A/c 29,50031/12/18By Deprecation A/c 2,750
01/04/18To Bank A/c 50031/12/18By Balance C/d 47,250
01/10/18To Bank A/c 20,000    
   50,000   50,000
01/04/19To Balance A/c 47,25031/12/19By Deprecation A/c 5,500
01/07/19To Bank A/c 10,00031/12/19By Balance C/d 51,750
   57,250   57,250
01/01/20To Balance b/d 51,75001/01/20By Bank A/c 3,000
    01/01/20By Profit & Loss A/c 21,750
    31/12/20By Deprecation A/c 3,000
    31/12/20By Balance C/d 24,000
   51,750   51,750

It is all about Question No 6 Chapter 11 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

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