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Important Questions for ISC (Arts) Class 11 - CISCE - Accounts

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M/s J. P. Company, Sakri, purchased a motor lorry for Rs. 8,00,000 on 1st April, 2007. Company purchased a second-hand motor lorry for Rs. 3,60,000 on 1st October, 2008. The company charges depreciation @ 10% p.a. on original cost. The financial year of the company ends on 31st March every year. On 30th September 2009, the second-hand motor lorry was sold for Rs. 2,80,000. Prepare: Motor Lorry's Account for the years 2007-2008, 2008-2009 and 2009-2010 and Journal Entries for the year 2009-2010.

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Chapter: [7] Final Accounts and Concept of Trading, Profit and Loss Account and Balance Sheet (With and Without Adjustments), Marshalling of Balance Sheet
Concept: Effects of Adjustments-Depreciation
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Important Questions for ISC (Arts) Class 11 CISCE Accounts. You can further filter Important Questions by subjects and topics. Chapter wise important Questions for Class 11 CISCE. it gets easy to find all Class 11 important questions with answers in a single place for students. Saving time and can then focus on their studies and practice. Important questions for Class 11 chapter wise with solutions

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Accounts exams made easy

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