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M.488 An Aid to Accountancy—CBSE XII

2. Dr. PROVISION FOR TAX ACCOUNT Cr.
Particulars ` Particulars `
To Bank A/c (Tax paid) 70,000 By Balance b/d 90,000
To Balance c/d 70,000 By Statement of Profit and Loss 50,000
(Balancing Figure)—Provision made
1,40,000 1,40,000

3. Dr. MACHINERY ACCOUNT Cr.
Particulars ` Particulars `
To Balance b/d 8,21,000 By Accumulated Depreciation A/c 30,000
To Gain (Profit) on Sale of Machinery A/c 4,000 By Bank A/c (Sale: Balancing Figure) 92,000
(Statement of Profit and Loss) By Balance c/d 12,03,000
To Bank A/c (Purchase) 5,00,000
13,25,000 13,25,000

4. Dr. ACCUMULATED DEPRECIATION ACCOUNT Cr.
Particulars ` Particulars `
To Machinery A/c 30,000 By Balance b/d 1,01,000
To Balance c/d 2,00,000 By Depreciation A/c 1,29,000
(Balancing Figure)

2,30,000 2,30,000