Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 14 - Depreciation

Share this:

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 14 - Depreciation Page/Excercise 13.55

Solution PQ 35

 

In the books of Amit Kumar

Machinery Account 

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

 

J.F.

Rs. 

Date

Particulars

 

J.F.

Rs. 

2015

 

 

 

 

2016

 

 

 

 

Apr 01

To Bank A/c 

 

 

 

Mar 31

By Balance c/d

 

 

3,00,000

 

 M 1 to M5(5 Machines @ Rs.60,000 each)

 

 

3,00,000

 

 

 

 

 

 

 

 

 

3,00,000

 

 

 

 

3,00,000

2016

 

 

 

 

2016

 

 

 

 

Apr 01

To Balance b/d

 

 

3,00,000

Apr 01

By Machinery Disposal A/c (M 1)

 

 

60,000

Oct 01

To Bank A/c (M 6)

 

 

1,00,000

2017

 

 

 

 

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

M2 to M5

2,40,000

 

 

 

 

 

 

 

 

M6

1,00,000

 

3,40,000

 

 

 

 

4,00,000

 

 

 

 

4,00,000

2017

 

 

 

 

2017

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Apr

By Machinery Disposal A/c (M 2)

 

 

60,000

 

 M2 - M5

2,40,000

 

 

2018

 

 

 

 

 

 M6

1,00,000

 

3,40,000

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

M3 to M5

1,80,000

 

 

 

 

 

 

 

 

M 6

1,00,000

 

2,80,000

 

 

 

 

3,40,000

 

 

 

 

3,40,000

 

 

 

Provision for Depreciation Account 

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

 

J.F.

Rs. 

Date

Particulars

 

J.F.

Rs. 

2016

 

 

 

 

2016

 

 

 

 

Mar 31

To Balance c/d

 

 

30,000

Mar 31

By Depreciation A/c 

 

 

30,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,000

 

 

 

 

30,000

2016

 

 

 

 

2016

 

 

 

 

Apr 01

To Machinery Disposal A/c (M1)

 

 

6,000

Apr 01

By Balance b/d

 

 

30,000

 

(Accumulated Depreciation on Machinery Costing Rs.60,000)

 

 

 

 

 

 

 

 

2017

To Balance c/d

 

 

 

2017

Mar 31

By Depreciation A/c

 

 

 

 

 M2 to M5

48,000

 

 

 

 M2 to M5

24,000

 

 

 

 M6

5,000

 

53,000

 

 M6 (6 months)

5,000

 

29,000

 

 

 

 

59,000

 

 

 

 

59,000

2017

 

 

 

 

2017

 

 

 

 

Apr 01

To Machinery Disposal A/c (M 2)

 

 

12,000

Apr 01

By Balance b/d

 

 

 

 

(Accumulated Depreciation on Machinery Costing Rs.60,000)

 

 

 

 

M3 to M5

48,000

 

 

 

 

 

 

 

 

M6

5,000

 

53,000

2018

 

 

 

 

2018

 

 

 

 

Mar 31

To Balance c/d

 

 

 

Mar 31

By Depreciation A/c 

 

 

 

 

M3to M5

54,000

 

 

 

M3 to M5

18,000

 

 

 

M6

15,000

 

69,000

 

M6

10,000

 

28,000

 

 

 

 

81,000

 

 

 

 

81,000

 

 

Machinery Disposal Account (M1) 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs. 

Date

Particulars

J.F.

Rs. 

2016

 

 

 

2016

 

 

 

Apr 01

To Machinery A/c

 

60,000

Apr 01

By Provision for Depreciation A/c 

 

6,000

 

 

 

 

Apr 01

By Bank A/c

 

50,000

 

 

 

 

Apr 01

By Profit and Loss A/c(Loss) (Balancing Figure)

 

4,000

 

 

 

60,000

 

 

 

60,000

 

 

Machinery Disposal Account (M2) 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs. 

Date

Particulars

J.F.

Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Machinery A/c

 

60,000

Apr 01

By Provision for Depreciation A/c 

 

12,000

Apr 01

To Profit and Loss A/c(Profit) (Balancing Figure)

 

2,000

Apr 01

By Bank A/c

 

50,000

 

 

 

62,000

 

 

 

62,000

 

 

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 14 - Depreciation Page/Excercise 14.48

Solution PQ 1

Calculation of Deprecation Amount and Rate

 Deprecation (amount) =

Deprecation (Rate) =   

Solution PQ 2

 

In the Book of X Ltd.

Machinery Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F

Rs.

Date

Particulars

J.F.

Rs.

2015

 

 

 

2016

 

 

 

Apr 01

To Bank A/c

 

4,00,000

Mar 31

By Depreciation A/c 

 

40,000

Apr 01

To Bank A/c 

 

50,000

 

By Balance c/d

 

4,10,000

 

(Erection Expense)

 

 

 

 

 

 

 

 

 

4,50,000

 

 

 

4,50,000

2016

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

4,10,000

Mar 31

By Depreciation A/c  

 

40,000

 

 

 

 

 

By Balance c/d

 

3,70,000

 

 

 

4,10,000

 

 

 

4,10,000

2017

 

 

 

2018

 

 

 

Apr 01

To Balance b/d

 

3,70,000

Mar 31

By Depreciation A/c 

 

40,000

 

 

 

 

Mar 31

By Balance c/d

 

3,30,000

 

 

 

3,70,000

 

 

 

3,70,000

Calculation of Deprecation Amount

 

Solution PQ 3

 

Furniture Account 

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

 

J.F.

Rs. 

Date

Particulars

 

J.F.

Rs. 

2014

 

 

 

 

2015

 

 

 

 

Apr 01

To Bank A/c 

 

 

55,000

Mar 31

By Depreciation A/c Furniture 1

 

 

5000

 

 

 

 

 

Mar 31

By Balance c/d Furniture 1

 

 

50,000

 

 

 

 

55,000

 

 

 

 

55,000

2015

 

 

 

 

2016

 

 

 

 

Apr 01

To Balance b/d

 

 

50,000

Mar 31

By Depreciation A/c 

 

 

 

 

Furniture 1

 

 

 

 

Furniture 1

5,000

 

 

Apr 01

To Bank A/c 

 

 

9,500

 

Furniture 2

900

 

5,900

 

Furniture 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Furniture 1

45,000

 

 

 

 

 

 

 

 

Furniture 2

8,600

 

53,600

 

 

 

 

59,500

 

 

 

 

59,500

2016

 

 

 

 

2017

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Mar 31

By Depreciation A/c 

 

 

 

 

Furniture 1

45,000

 

 

 

Furniture 1

5,000

 

 

 

Furniture 2

8,600

 

53,600

 

Furniture 2

900

 

5,900

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Furniture 1

40,000

 

 

 

 

 

 

 

 

Furniture 2

7,700

 

47,700

 

 

 

 

53,600

 

 

 

 

53,600

2017

 

 

 

 

2018

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Mar 31

By Depreciation A/c 

 

 

 

 

Furniture 1

40,000

 

 

 

Furniture 1

5,000

 

 

 

Furniture 2

7,700

 

47,700

 

Furniture 2

900

 

 

 

 

 

 

 

 

Furniture 3

400

 

6,300

Oct 01

To Bank A/c

 

 

8,400

 

 

 

 

 

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Furniture 1

35,000

 

 

 

 

 

 

 

 

Furniture 2

6,800

 

 

 

 

 

 

 

 

Furniture 3

8,000

 

49,800

 

 

 

 

56,100

 

 

 

 

56,100

Working Note:

Calculation of Deprecation Amount

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 14 - Depreciation Page/Excercise 14.49

Solution PQ 4

Machinery Account

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

 

J.F

Rs. 

Date

Particulars

 

J.F.

Rs. 

2014 

 

 

 

 

2015 

 

 

 

 

Apr 01

To Bank A/c (2,40,000 +10,000)

 

 

2,50,000

Mar 31

By Depreciation A/c

 

 

 

 

Machinery 1

 

 

 

 

Machinery 1

12,500

 

 

Oct 01

To Bank A/c

 

 

1,00,000

 

Machinery 2 (for 6 Months)

2,500

 

15,000

 

Machinery 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Machinery 1

2,37,500

 

 

 

 

 

 

 

 

Machinery 2

97,500

 

3,35,000

 

 

 

 

3,50,000

 

 

 

 

3,50,000

2015

 

 

 

 

2016

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Mar 31

By Depreciation A/c

 

 

 

 

Machinery 1

2,37,500

 

 

 

Machinery 1

12,500

 

 

 

Machinery 2

97,500

 

3,35,000

 

Machinery 2

5,000

 

17,500

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Machinery 1

2,25,000

 

 

 

 

 

 

 

 

Machinery 2

92,500

 

3,17,500

 

 

 

 

3,35,000

 

 

 

 

3,35,000

2016

 

 

 

 

2016

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Oct 01

By Depreciation A/c (for 6 months)

 

 

6,250

 

Machinery 1

2,25,000

 

 

Oct 01

To Bank A/c 

 

 

1,43,000

 

Machinery 2

92,500

 

3,17,500

 

(Machinery 1 sold)

 

 

 

 

 

 

 

 

Oct 01

By Profit and loss A/c 

(loss on sale)

 

 

75,750

 

 

 

 

 

2017

 

 

 

 

Oct 01

To Bank A/c

 

 

2,00,000

Mar 31

By Depreciation A/c

 

 

 

 

 

 

 

 

 

Machinery 2

5,000

 

 

 

 

 

 

 

 

Machinery 3 (for 6 months)

5,000

 

10,000

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Machinery 2

87,500

 

 

 

 

 

 

 

 

Machinery 3

1,95,000

 

2,82,500

 

 

 

 

5,17,500

 

 

 

 

5,17,500

2017

 

 

 

 

2018

 

 

 

 

Apr 01

To Balance b/d

 

 

 

Mar 31

By Depreciation A/c

 

 

 

 

Machinery 1

87,500

 

 

 

Machinery 2

5,000

 

 

 

Machinery 2

1,95,000

 

2,82,500

 

Machinery 3

10,000

 

15,000

 

 

 

 

 

Mar 31

By Balance c/d

 

 

 

 

 

 

 

 

 

Machinery 2

82,500

 

 

 

 

 

 

 

Machinery 3

1,85,000

 

2,67,500

 

 

 

 

2,82,500

 

 

 

 

2,82,500

Working Note:

1.

Calculation of Depreciation (Amount)

  

2.

Calculation Profit and Loss (Machinery 1)

Particulars

Rs. 

Book Value on April 01, 2013

2,25,000

Less: Deprecation for 6 month

(6,250)

Book Value on Oct. 1, 2016

2,18,750

Less: Sale proceeds

(1,43,000)

Loss on Sale Machine

75,750

 

 

Solution PQ 5

 

 

Machinery Account 

Dr.

 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs. 

Date

Particulars

 

J.F.

Rs. 

2017

 

 

 

2018

 

 

 

 

Apr 1

To Bank A/c  

 

50,000

Mar 31

By Depreciation A/c

 

 

 

 

Machinery 1

 

 

 

Machinery 1

5,000

 

 

Sept 30

To Bank A/c 

 

20,000