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प्रश्न
On 1st April 2015, Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charge for the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
उत्तर
| In the books of Farid, Nasik Motor Car Account | |||||||
| Date | Particulars | J.F. | Amt (₹) | Date | Particulars | J.F. | Amt (₹) |
| 2015 | 2016 | ||||||
| Apr. 1 | To Cash/Bank A/c | 60,000 | Mar. 31 | By Depreciation A/c | 5,000 | ||
| Mar. 31 | By Balance c/d | 55,000 | |||||
| (55,000 + 5,000) | 60,000 | 60,000 | |||||
| 2016 | 2017 | ||||||
| Apr. 1 | To Balance b/d | 55,000 | Mar. 31 | By Depreciation A/c | 5,000 | ||
| Mar. 31 | By Balance c/d | 50,000 | |||||
| 55,000 | 55,000 | ||||||
| 2017 | 2018 | ||||||
| Apr. 1 | To Balance b/d | 50,000 | Mar. 31 | By Depreciation A/c | 5,000 | ||
| Mar. 31 | By Balance e/d | 45,000 | |||||
| 50,000 | 50,000 | ||||||
| 2018 | 2019 | ||||||
| Apr. 1 | To Balance b/d | 45,000 | Mar. 31 | By Depreciation A/c | 5,000 | ||
| Mar. 31 | By Balance c/d | 40,000 | |||||
| 45,000 | 45,000 | ||||||
| 2019 | |||||||
| Apr. 1 | To Balance b/d | 40,000 | |||||
Working Note:
Calculation of Depreciation per annum:
Depreciation = `"Original cost of an asset (−) Scrap value"/"Estimated life of asset in years"`
= `(60,000 − 10,000)/10`
= `(50,000)/10`
= ₹ 5,000 p.a.
APPEARS IN
संबंधित प्रश्न
Answer in One Sentence only:
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Answer in One Sentence only:
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Assume that, company account closes on 31st March every year.
Show Machinery Account for the first three(3) years and pass journal entries for the Third year, after charging depreciation at 10% p.a. on Written Down Value Method.
On 1st April 2015 Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years The Registration charges of the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
On 1st April 2015 Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charges of the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
On 1st April 2015, Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charge for the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
On 1st April 2015, Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charges of the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
On 1st April 2015 Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years The Registration charges of the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
