Question No 8 Chapter No 12 - Unimax 11 Class

Question No 8 Chapter No 12 – Unimax Class 11

Table of Contents

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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.

Read out the full article to know the meaning of Depreciation

Provisions and Reserves | Meaning | Methods | Examples

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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

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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

Question No 8 Chapter No 12 – Unimax 11 Class

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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