# Question No 8 Chapter No 12 – Unimax 11 Class

Question No 8 Chapter No 12 - Unimax Class 11

Question No 8 Chapter No 12 – Unimax Class 11

A company decided to transfer ₹ 400 every year to repair and renewals reserve account maintained for a machine recently purchased. In the 1st 4 years, annual repairs were ₹ 50, ₹ 90, ₹ 150 and ₹ 170 respectively. Prepare repairs and renewals reserve account for these 4 years.

## The solution of Question No 8 Chapter No 12 – Unimax Class 11:

 Dr. Book of company repairs and renewal reserve A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 1st year 1st year Dec.31 To Cash A/c 50 Dec.31 By p & L A/c 400 Dec.31 To Balance c/d 350 400 400 2nd year 2nd year Dec.31 To Cash A/c 90 Jan.1 By Balance b/d 350 Dec.31 To Balance c/d 660 Dec.31 By P & L A/c 400 750 750 3rd year 3rd year Dec.31 To Cash A/c 150 Jan.1 By Balance b/d 660 Dec.31 To Balance c/d 910 Dec.31 By P & L A/c 400 1,060 1,060 4th year 4th year Dec.31 To cash A/c 170 Jan.1 By Balance b/d 910 Dec.31 To Balance c/d 1,140 Dec.31 By P & L A/c 400 1,310 1,310 5th year Jan.1 By balance b/d 1,140

It is all about Question No 8 Chapter 12 of Class 11 unimax, If you have any problem please comment below.

Provisions and Reserves | Meaning | Methods | Examples

Provision and Reserve: Differences with example

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

Students may choose only one part from 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
• 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