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ANDHRA PRADESH
CCP302.29 2
Objectives
CCP302.29 3
Illustration
CCP302.29 4
Sol:-
Journal Entries
Date Particulars Debit (Rs) Credit
(Rs)
2001 Machinery a/c Dr 1,00,000
Jan.1st To Bank a/c 1,00,000
(Being Machinery purchased)
CCP302.29 6
Journal Entries contd.
CCP302.29 7
Journal Entries contd.
CCP302.29 8
Journal Entries contd.
CCP302.29 9
Machinery Account
Dr Cr
Year Particulars Rs. Particulars Rs.
2001 To Cash a/c 1,00,000 By Depreciation 20,000
Jan1st (1,00,000*20/100)
,, Balance c/d 80,000
1,00,000 1,00,000
2002 To Bal b/d 80,000 By Depreciation 16,000
Jan1st
,, Bal c/d 64,000
80,000 80,000
2003 To Bal b/d 64,000 By Depreciation 12,800
Jan1st
,, Bal c/d 51,200
64,000 64,200
CCP302.29 10
Machinery Account contd.
Dr Cr
CCP302.29 11
Depreciation Account
Dr Cr
Particulars Rs. Particulars Rs.
2001 To Machinery a/c 20,000 By P&L a/c 20,000
20,000 20,000
2002 To Machinery a/c 16,000 By P&L a/c 16,000
16,000 16,000
2003 To Machinery a/c 12,800 By P&L a/c 12,800
12,800 12,800
CCP302.29 12
Depreciation Account contd.
Dr Cr
10,240 10,240
2005 To Machinery a/c 8,192 By P&L a/c 8,192
8,192 8,192
CCP302.29 13
Illustration
CCP302.29 14
Sol:
Machinery Account
Dr. Cr
Date Particulars Rs. Date Particulars Rs.
2003 2003
Jan 1 To Bank a/c 30,000 Dec. 31 By Depreciation 3000
By Balance c/d 27000
30000 30000
2004 2004
Jan 1 To Bal b/d 27000 Dec. 31 By Depreciation 2700
By Balance c/d 24300
27000 27000
2005 2005
Jan 1 To Bal b/d 24300 Dec. 31 By Depreciation 2430
By Balance c/d 21870
24300 24300
2006 2006
Jan. 1 To Bal b/d 21870 Dec. 31 By Depreciation 2187
By Balance c/d 19683
21870 21870
2007
Jan 1 To Bal b/d 19683
CCP302.29 15
Assignment
CCP302.29 16