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Question No 8 Chapter No 11 – Unimax 11 Class

Qustion-No-8-Chapter-No-11-UNIMAX-Class-11
Qustion-No-8-Chapter-No-11-UNIMAX-Class-11

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Question No 8 Chapter No 11 – Unimax Class 11

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From the following transactions of a concern, prepare machinery account for the year ending 31st Dec.2019:
Jan.1: Purchased a second-hand machinery for ₹ 40,000.
Jan.1: Spent ₹ 10,000 on repair for making it serviceable.
Jun.30: Purchased additional new machinery for ₹ 20,000.
Set.10: Repair and renewals of machinery for ₹ 2,000.
Dec.31: Depreciate the machinery at 10% p.a.

The solution of Question No 8 Chapter No 11 –

Dr.Machine A/cCr.
DateParticularsJ.F.AmountDateParticularsJ.F.Amount
01/01/19To Bank A/c 40,00031/12/19By Deprecation A/c 6,000
01/01/19To Bank A/c 10,00031/12/19By Balance C/d 64,000
30/06/19To Bank A/c 20,000    
   70,000   70,000

It is all about Question No 8 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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