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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 …
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 …
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