Interested to Buy Any Domain ? << Click Here >> for more details...
Raj & Raj Ltd purchased a machinery on 01.01.1996 for
Rs.88,000.The life of the machine estimated to be 5 Yrs.It
was calculated that the old machinery would fetch Rs.8000
at the end of its useful life.it was decided to replace the
machinery at the end of the 5th year by setting up
depreciation fund and invest the annual depreciation (along
with interest earned each year) in gilt edged securities
carrying interest at 5% p.a. At the end of the 5th Year the
securities were sold for Rs.9000.As per the sinking fund
table Rs.14,478 is to be invested every year.A new machine
was purchased on 01.01.2001 for Rs.1,00,000.pass the
journal entries and show the ledger accounts
- 0 Answers
- 1952 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
How many types of depreciation method do you know? name it.
13 Answers Delta Star, Ernst Young,
What is FBT?(freingh benefit tax)
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
what is cost accounting ?
6 Answers State Bank Of India SBI,
what is Accrual ?
Agreement of Trial Balance is not a conclusive proof of absence of Errors. Will you support me
what is debuntre
When we deposits FBT? How to calculate FBT?
pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS 400/ .SO THAT IS THE ENTRY
what is quick asset
Audit 
