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Question No 13 Chapter No 12 13. A firm purchased on 1st April, 2009, a second-hand Machinery for 36,000 and spent 4,000 on its installation. On 1st Oct. in the same year another Machinery costing 20,000 was purchased. On 1st Read More …
Question No 12 Chapter No 12 12. A Company purchased a second-hand machine on 1st April, 2016, for 30,000 and immediately spent 4,000 on its repair and 1,000 on its installation. On Oct. 1, 2018, the machine was sold for Read More …
Question No 11 Chapter No 12 11. A plant is purchased for 60,000 on 1st April 2009. It is estimated that the residual value of this plant at the end of its working life of 10 years will be 20,920. Read More …
Question No 10 Chapter No 12 10. From the following transactions of concern, prepare Machinery Account for the year ending 31st March 2013:- 2019 Apr-01 : Purchased second-hand machinery for 40,000. Apr-01 : Spent 10,000 on repairs for Read More …
Question No 09 Chapter No 12 09. On 1st April 2010, Plant and Machinery was purchased for 1,20,000. New machinery was purchased on 1st Oct. 2010, for 50,000 and on 1st July 2011, for 25,000.On 1st January 2013, the machinery Read More …
Question No 08 Chapter No 12 08.Bhushan & Company purchased a Machinery on 1st April, 2015, for 54,000 and spent 6,000 on its installation. On 1st December, 2016, it purchased another machine for 30,000.On 30th June 2017, the first machine Read More …
Question No 07 Chapter No 12 07. On 1st January 2016 a Ltd. Purchased a machine for 2,40,000 and spent 10,000 on its erection. On 1st July 2016 an additional machinery costing 1,00,000 was purchased. On 1st July 2018 the Read More …
Question No 06 Chapter No 12 06. A company purchased on 1st July 2015 machinery costing 30,000. it purchases further machinery on 1st January 2016 costing 20,000 and on 1st October 2016 costing 10,000. on 1st April 2017, the machinery Read More …
Question No 05 Chapter No 12 05. On 1st January 2016, a company purchased a plant for 3,00,000 Depreciation is charged 20% p.a. on the original cost each year. On 30th November 2018, the plant is sold for 1,00,000. prepare Read More …
Question No 04 Chapter No 12 04. A company purchased a plant for 2,00,000 on 1st April 2016.it further spent 10,000 on its installation.it was brought in use from 1st August 2016 Depreciation is written off at 10% p.a. on Read More …
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