CBSE Class 11-commerce Answered
In the Books of Vaishnavi and Company
|
|||||
Journal entries |
|||||
Date |
Particulars |
|
LF |
Dr. Rs. |
Cr. Rs. |
2013 |
|
|
|
|
|
Oct 1 |
Machinery A/c |
Dr. |
|
40,000 |
|
|
-------To Cash/ Bank A/c |
|
|
|
40,000 |
|
(Being machine purchased) |
|
|
|
|
2014 |
|
|
|
|
|
Mar 31 |
Depreciation A/c |
Dr. |
|
2,000 |
|
|
-------To Provision for Depreciation A/c |
|
|
|
2,000 |
|
(Being depreciation provided for 6 months) |
|
|
|
|
Mar 31 |
Profit and Loss A/c |
Dr. |
|
2,000 |
|
|
-------To Depreciation A/c |
|
|
|
2,000 |
|
(Being depreciation transferred to profit and loss account) |
|
|
|
|
2015 |
|
|
|
|
|
Mar 31 |
Depreciation A/c |
Dr. |
|
4,000 |
|
|
-------To Provision for Depreciation A/c |
|
|
|
4,000 |
|
(Being depreciation provided for whole year) |
|
|
|
|
Mar 31 |
Profit and Loss A/c |
Dr. |
|
4,000 |
|
|
-------
Answered by | 04 Aug, 2016, 03:26: PM
|