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Question No 28 Chapter No 12 28. The following balances appear in the books of Y Ltd: Machinery A/c as on 1-4-2014 8,00,000 Provision for Depreciation A/c as on 1-4-2014 3,10,000 On 1-7-2014, machinery which was purchased on 1-4-2011 for Read More …
Question No 27 Chapter No 12 27.Binny Textiles Ltd. which depreciates its machinery at 20% p.a. on diminishing balance method, purchased a machine for 6,00,000 on 1st October, 2010. It closes its books on 31st March every year. On 1st Read More …
Question No 26 Chapter No 12 26. On 1st April 2012, Banglore Silk Ltd. purchased machinery for 20,00,000. It provides depreciation at 10% p.a. on the Written Down Value Method and closes its books on 31st March every year. On Read More …
Question No 25 Chapter No 12 25. On 1st August 2010, Hindustan Toys Ltd. purchased a plant for 12,00,000. The firm writes off depreciation at 10% p.a. on the diminishing balance and the books are closed on 31st March each Read More …
Question No 24 Chapter No 12 24. X Ltd. purchased a plant on 1st July 2010 costing 5,00,000. It purchased another plant on 1st September 2010 costing 3,00,000. On 31st December 2012, the plant purchased on 1st July 2010 got Read More …
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 …
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