M/s Dalmia Textile Mills purchased machinery on April 01 2001 for Rs.2,00,000 on credit from M/s Ahuja and sons and spent Rs.10,000 for its installation. Depreciation is provided @10%p.a on written down value basis. Prepare Machinery Account for the first three years. Books are closed on March 31, every year.
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Books of Dalmia Textiles mills
Machinery Account
Dr. Cr.
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 2,00,000 10,000 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 21000 1,89,000 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 2,10,000 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 2,10,000 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 1,89,000 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 18,900 1,70,100 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 1,89,000 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 1,89,000 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 1,70,100 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 17,010 1,53,090 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 1,70,100 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d | 1,70,100 | ||
| 2001 Apr.01 2002 Arr.01 2003 Apr.01 2004 | Bank Bank Balance b/d Balance b/d Balance b/d | 1,53,090 | 2002 Mar.31 2003 Mar.01 2004 Mar.31 | Depreciation Balance c/d Depreciation Balance c/d Depreciation Balance c/d |
Working Notes
| Calculation of the amount of deprecation Original cost on 01.01.2001 Less: Depreciation for the year 2001 (@10% of 2,10,000) WDV on 31.12.2001/01.10.2002 Less: Depreciation for the year 2002 (@10% of 1,89,000) WDV on 31.12.2002/01.01.2003 Less Depreciation for the year 2003 (@10% 0f 1,70,100) WDV on 31.12.2003 | 2,10,000 + 10,000 | 2,10,000 21,000 1,89,000 |
| Calculation of the amount of deprecation Original cost on 01.01.2001 Less: Depreciation for the year 2001 (@10% of 2,10,000) WDV on 31.12.2001/01.10.2002 Less: Depreciation for the year 2002 (@10% of 1,89,000) WDV on 31.12.2002/01.01.2003 Less Depreciation for the year 2003 (@10% 0f 1,70,100) WDV on 31.12.2003 | 2,10,000 + 10,000 | 18,900 1,70,100 |
| Calculation of the amount of deprecation Original cost on 01.01.2001 Less: Depreciation for the year 2001 (@10% of 2,10,000) WDV on 31.12.2001/01.10.2002 Less: Depreciation for the year 2002 (@10% of 1,89,000) WDV on 31.12.2002/01.01.2003 Less Depreciation for the year 2003 (@10% 0f 1,70,100) WDV on 31.12.2003 | 2,10,000 + 10,000 | 17,010 1,53,090 |
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