M/s Dolphin, New Delhi, showed a debit balance of Rs. 32,000 to the
Machinery A/c on 1st April, 2001(Original cost of the Machinery was
Rs. 40,000). On 1st October, 2001 the Mill bought additional
Machinery for Rs. 15,000 and spent Rs. 1,000 for its installation. One more
machinery costing Rs. 20,000 was purchased on 31st March, 2003. Depreciation
is charged on 31st March, every year at 10% p.a. under the straight
line method. On 31st March, 2004, the machinery which was purchased
on 1st October, 2001 was sold for Rs. 12000. Prepare Machinery A/c
and Depreciation A/c for the years 2001 – 2001, 2002 – 2003 and 2003 –
2004.
|
DATE
|
PARTICULARS
|
AMOUNT
|
DATE
|
PARTICULARS
|
AMOUNT
|
|
1.4.01
|
To balance b/d
|
32000
|
31.3.02
|
By depreciation a/c
|
4800
|
|
1.10.01
|
To cash / bank a/c
|
15000
|
31.3.02
|
By balance c/d
|
43200
|
|
1.10.01
|
To cash/ bank a/c
|
1000
|
|
|
|
|
|
|
48000
|
|
|
48000
|
|
1.4.02
|
To balance b/d
|
43200
|
31.3.03
|
By deprecation a/c
|
5600
|
|
31.3.03
|
To cash/ bank a/c
|
20000
|
31.3.03
|
By balance c/d
|
57600
|
|
|
|
63200
|
|
|
63200
|
|
1.4.03
|
To balance b/d
|
57600
|
31.3.04
|
By depreciation a/c
|
7600
|
|
|
|
|
31.3.04
|
By cash/ bank a/c
|
12000
|
|
|
|
|
31.3.04
|
By balance c/d
|
38000
|
|
|
|
57600
|
|
|
57600
|
|
1.4.04
|
To balance b.d
|
38000
|
|
|
|
