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Question No 9 Chapter No 11 – Unimax 11 Class

Qustion-No-9-Chapter-No-11-UNIMAX-Class-11
Qustion-No-9-Chapter-No-11-UNIMAX-Class-11

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Question No 9 Chapter No 11 – Unimax Class 11

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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/cCr.
DateParticularsJ.F.AmountDateParticularsJ.F.Amount
01-01-2016To Bank A/c 8,00,00031-03-2016By Deprecation A/c 30,000
    31-03-2014By Balance C/d 7,70,000
   8,00,000   8,00,000
01-04-2016To Balance b/d 7,70,00031-03-2017By Deprecation A/c 1,20,000
    31-03-2017By Balance C/d 6,50,000
   7,70,000   7,70,000
01-04-2017To Balance b/d 6,50,00031-03-2018By Deprecation A/c 1,20,000
01-07-2017To Bank A/c 3,00,00031-03-2018By Deprecation A/c 33,750
    31-03-2018By Balance C/d 7,96,250
   9,50,000   9,50,000
01-04-2018To Balance b/d 7,96,25031-03-2019By Deprecation A/c 1,65,000
01-10-2018To Bank A/c 2,00,00031-03-2019By Deprecation A/c 15,000
    31-03-2019By Balance C/d 8,16,250
   9,96,250   9,96,250
01-04-2019To Balance b/d 8,16,25031-03-2020By Deprecation A/c 1,50,000
    31-03-2020By Deprecation A/c 45,000
    31-03-2020By Bank A/c 1,55,000
    31-03-2020By Profit & Loss A/c 21,250
    31-03-2018By 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

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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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