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P. 109

15.4                                                   Double Entry Book Keeping—CBSE XI

                     Solution:

                     Dr.                             MACHINERY ACCOUNT                                Cr.
                     Date     Particulars                `     Date     Particulars                `
                     2021                                       2021
                     April   1  To  Bank A/c (Mach. I)      30,000   Dec.  31  By  Depreciation A/c:
                     Oct.   1  To  Bank A/c (Mach. II)      20,000             Mach. I       2,250
                                                                           (30,000 × 9/12 × 10/100)
                                                                          Mach. II           500    2,750
                                                                           (20,000 × 3/12 × 10/100)
                                                                Dec.  31  By  Balance c/d:
                                                                             Mach. I  (30,000 – 2,250)      27,750
                                                                             Mach. II  (20,000 – 500)      19,500
                                                        50,000                                     50,000
                     2022                                       2022
                     Jan.   1  To  Balance b/d:                 Dec.  31  By  Depreciation A/c:
                                Mach. I                 27,750             Mach. I          3,000
                                Mach. II                19,500              (30,000 × 10/100)
                     July   1  To  Bank A/c (Mach. III)      10,000           Mach. II      2,000
                                                                           (20,000 × 10/100)
                                                                           Mach. III         500    5,500
                                                                           (10,000 × 10/100 × 6/12)
                                                                Dec.  31  By  Balance c/d:
                                                                          Mach. I          24,750
                                                                           (27,750 – 3,000)
                                                                           Mach. II        17,500
                                                                           (19,500 – 2,000)
                                                                          Mach. III         9,500   51,750
                                                                           (10,000 – 500)
                                                        57,250                                     57,250
                     2023                                       2023
                     Jan.   1  To  Balance b/d:                 Jan.   1  By  Bank A/c (Sale)       3,000
                                Mach. I                 24,750   Jan.   1  By  Loss on Sale of Machinery A/c    5,250
                                Mach. II                17,500             (Profit & Loss A/c) (Note 2)
                                Mach. III                9,500   Dec.  31  By  Depreciation A/c:
                                                                           Mach. I          2,000
                                                                           (30,000 – 10,000) × 10/100
                                                                          Mach. II          2,000
                                                                           (20,000 × 10/100)
                                                                          Mach. III         1,000   5,000
                                                                           (10,000 × 10/100)
                                                                        By  Balance c/d:
                                                                          Mach. I           14,500
                                                                           (16,500* – 2,000)
                                                                          Mach. II          15,500
                                                                           (17,500 – 2,000)
                                                                          Mach. III         8,500     38,500
                                                                           (9,500 – 1,000)
                                                        51,750                                     51,750
                     2024
                     Jan.   1  To  Balance b/d          38,500

                        *Book value as on 1st January, 2023 of remaining 2/3 Mach. I = ` 24,750 × 2/3 = ` 16,500.
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