CBSE Class 11-commerce Answered
Plant Account
Dr. |
|
|
|
|
Cr. |
Date |
Particulars |
Rs. |
Date |
Particulars |
Rs. |
2005 |
|
|
2005 |
|
|
Apr. 1 |
To Bank A/c (Machine I) |
15,000 |
Dec.31 |
By Depreciation A/c @10% Plant I (9mths)-1125 @10% Plant II (3mths)- 500 |
1,625 |
Oct .1 |
To Bank A/c (Machine II) |
20,000 |
Dec.31 |
By Balance c/d Machine I (15000-1125) - 13,875 Machine II (20000-500) - 19,500 |
33,375 |
|
|
35,000 |
|
|
35,000 |
2006 |
|
|
2006 |
|
|
Jan.1 |
To Balance b/d Machine I- 13,875 Machine II- 19500
|
33,375 |
Dec. 31 |
By Depreciation A/c @10% Plant I (12mths)-1500 @10% Plant II (12mths)- 2000 @10% Plant III (6mths)- 1500 |
5,000 |
July 1 |
To Bank A/c (Machine III) |
30,000 |
Dec. 31 |
By Balance c/d Machine I (13,875-1,500) - 12,375 Machine II (19,500-2,000) - 17,500 Machine III (30,000-1,500) - 28,500
|
58,375 |
|
|
63,375 |
|
|
63,375 |
2007 |
|
|
2007 |
|
|
Jan. 1 |
To Balance b/d Machine I- 12,375 Machine II- 17,500 Machine III- 28,500 |
58,375 |
Jan. 1 |
By Bank A/c (Sale) |
2,000 |
|
|
|
Jan. 1 |
By P/L A/c (Loss on sale) |
10,375 |
|
|
|
Dec. 31 |
By Depreciation A/c @10% Plant II (12mths)- 2000 @10% Plant III (12mths)- 3000 |
5,000 |
|
|
|
|
By Balance c/d Machine II (17,500-2,000) - 15,500 Machine III (28,500-3,000) - 25,500 |
41,000 |
|
|
58,375 |
|
|
58,375 |
2008 |
|
|
2008 |
|
|
Jan. 1 |
To Balance b/d Machine II- 15,500 Machine III- 25,500 |
41,000 |
Jan. 1 |
By Bank A/c (Sale) |
8,000 |
|
|
|
Jan. 1 |
By P/L A/c (Loss on sale) |
7,500 |
|
|
|
Dec. 31 |
Answered by | 01 Jul, 2016, 05:14: PM
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