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प्रश्न
M/s Omkar Enterprise Jalgaon acquired a Printing Machine for ₹ 75,000 on 1st Oct 2015 and spent ₹ 5,000 on its transport and installation. Another Machine for ₹ 45,000 was purchased on 1st Jan 2017. Depreciation is charged at the rate of 20% on Written Down Value Method, on 31st March every year.
Prepare Printing Machine Account for the first four years.
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उत्तर
| In the books of M/s Omkar Enterprise Jalgaon. | |||||||
| Dr. | Printing Machine Account | Cr. | |||||
| Date | Particulars | J.F. | Amt (₹) | Date | Particulars | J.F. | Amt (₹) |
| 2015 | 2016 | ||||||
| Oct, 1 | To Cash/Bank A/c | 80,000 | Mar, 31 | By Depreciation A/c | 8,000 | ||
| Mar, 31 | By Balance c/d | 72,000 | |||||
| 80,000 | 80,000 | ||||||
| 2016 Apr, 1 | To Balance b/d | 72,000 |
2017 Mar, 31 |
By Depreciation A/c (14,400 + 2,250) | 16,650 | ||
| 2017 Jan, 1 | To Cash/Bank A/c | 45,000 | Mar, 31 | By Balance c/d | 1,00,350 | ||
| 1,17,000 | 1,17,000 | ||||||
| 2017 Apr, 1 | To Balance b/d | 1,00,350 | 2018 Mar, 31 | By Depreciation A/c | 20,070 | ||
| Mar, 31 | By Balance c/d | 80,280 | |||||
| 1,00,350 | 1,00,350 | ||||||
| 2018 Apr, 1 |
To Balance b/d | 80,280 | 2019 Mar, 31 |
By Depreciation A/c | 16,056 | ||
| Mar, 31 | By Balance c/d | 64,224 | |||||
| 80,280 | 80,280 | ||||||
| 2019 Apr.1 | To Balance b/d | 64,224 | |||||
Working Note:
1)
I = `80,000xx20/100 = 16,000` p.a
`16,000xx6/12 = 8,000`
2) `72,000xx20/100 = 14,400`
3) `45,000xx20/100xx3/12 = 2,250`
4) `1,00,350xx20/100 = 20,070`
5) 1,00,350 − 20,070 = 80,280
6) `80,280xx20/100= 16,056`
7) 80,280 − 16,056 = 64,224
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