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Question No 23 Chapter No 12 D K Goal 23. A company purchased second-hand machinery on 1st May, 2009 for 5,85,000 and immediately spent 15,000 on its erection. On 1st October, 2010, it purchased another machine for 4,00,000. On 31st Read More …
Question No 22 Chapter No 12 22. X Ltd. which closes its books of account every year on 31st March, purchased on 1st October, 2011 machinery costing 4,40,000. It purchased further machinery on 1st April, 2012 costing 5,20,000. On 30th Read More …
Question No 21 Chapter No 12 21. On 1st July 2015, ABC Ltd. purchase 4 machines for 80,000 each. The accounting year of the company ends on 31st March every year. Depreciation is provided at the rate of 15% p.a. Read More …
Question No 20 Chapter No 12 20.On 1st April 2008, a Company purchased 6 machines for 50,000 each. Depreciation at the rate of 10% p.a. is charged on the Straight Line Method. The accounting year of the Company ends on Read More …
Question No 19 Chapter No 12 19. On July 1, 2016 Pushpak Ltd. purchased a machinery for 5,70,000 and paid 30,000 for its overhauling and installation. Depreciation is provided @ 20% p.a. on Original Cost Method and the books are Read More …
Question No 18 Chapter No 12 18. A Company, which closes its books on 31st March every year, purchased on 1st July 2017, machinery costing 30,000. It purchased further machinery on 1st January 2018, costing 20,000, and on 1st October Read More …
Question No 17 Chapter No 12 17. Raja Textiles Co. which closes its books on 31st March, purchased a machine on 1-4-2009 for 50,000. On 1-10-2010, it purchased an additional machine for 30,000. The part of the machine which was Read More …
Question No 16 Chapter No 12 16. A company whose accounting year is calendar year purchased machinery for 5,00,000on 1st January 2010. Additional machinery was acquired for 3,00,000 on 1st September 2011 and for 2,40,000 on 1st December 2014. Certain Read More …
Question No 15 Chapter No 12 15. The Sameer Transport Company purchased 10 Trucks at 90,000 each on 1st April 2011. on 1st October 2013 one of the Trucks was involved in accident and is completely destroyed 56,200 was received Read More …
Question No 14 Chapter No 12 14. A Company purchased a machinery for 50,000 on 1st Oct., 2016. Another machinery costing 10,000 was purchased on 1st Dec., 2017. On 31st March, 2019, the machinery purchased in 2016 was sold at Read More …
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