Question No 9 Chapter No 11 – Unimax Class 11
K. Ltd. Purchased a machinery worth ₹ 8,00,000 as 1st January,2016. On 1st July,2017 it purchased a new machinery for ₹ 2,60,000 and spent ₹ 40,000 on its cartage and installation. On 1st October,2018 it purchased another machinery for ₹ 1,80,000and spent ₹ 20,000 for its installation. The machine purchased on 1st July,2017 was sold off on 31st march 2020 for ₹ 1,55,000. Depreciation is charges @ 15% p.a. on straight line method. Prepare plant and machinery account for 5 years, assuming that books are closed on 31st March every year.
The solution of Question No 9 Chapter No 11 –
| Dr. | Machine A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 01-01-2016 | To Bank A/c | 8,00,000 | 31-03-2016 | By Deprecation A/c | 30,000 | ||
| 31-03-2014 | By Balance C/d | 7,70,000 | |||||
| 8,00,000 | 8,00,000 | ||||||
| 01-04-2016 | To Balance b/d | 7,70,000 | 31-03-2017 | By Deprecation A/c | 1,20,000 | ||
| 31-03-2017 | By Balance C/d | 6,50,000 | |||||
| 7,70,000 | 7,70,000 | ||||||
| 01-04-2017 | To Balance b/d | 6,50,000 | 31-03-2018 | By Deprecation A/c | 1,20,000 | ||
| 01-07-2017 | To Bank A/c | 3,00,000 | 31-03-2018 | By Deprecation A/c | 33,750 | ||
| 31-03-2018 | By Balance C/d | 7,96,250 | |||||
| 9,50,000 | 9,50,000 | ||||||
| 01-04-2018 | To Balance b/d | 7,96,250 | 31-03-2019 | By Deprecation A/c | 1,65,000 | ||
| 01-10-2018 | To Bank A/c | 2,00,000 | 31-03-2019 | By Deprecation A/c | 15,000 | ||
| 31-03-2019 | By Balance C/d | 8,16,250 | |||||
| 9,96,250 | 9,96,250 | ||||||
| 01-04-2019 | To Balance b/d | 8,16,250 | 31-03-2020 | By Deprecation A/c | 1,50,000 | ||
| 31-03-2020 | By Deprecation A/c | 45,000 | |||||
| 31-03-2020 | By Bank A/c | 1,55,000 | |||||
| 31-03-2020 | By Profit & Loss A/c | 21,250 | |||||
| 31-03-2018 | By Balance C/d | 4,45,000 | |||||
| 8,16,250 | 8,16,250 | ||||||
It is all about Question No 9 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
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
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
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