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 fifth 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% per annum at the end of the 5th
year the securities were sold for Rs.62,200 and the old
machinery was 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


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Business Administration Interview Questions

I have an interview with Qatar Petroleum and I need to know what kind of questions will be asked

0 Answers   Qatar Petroleums,


Why Does Currency Value Fluctuates?

0 Answers  


If you are made the compaign leader for a particular political party .How will you use your leader ship skills to motivate your party men to ensure success of the party nominee in the elections? (Focus on the individual motivate and apply leadership style).

0 Answers   NIBM,


why you want to switch over from one company to other?

2 Answers   ICICI, TCS, Wipro,


What interests you about this job?

0 Answers   ONGC, Subway, Under Armour, Wegmans,






What is Bullwhip effect in supply Chain, how it affects the supply chain and how would you reduce it?

0 Answers  


how will you supervises an NGO project

0 Answers   NGO, Pradan,


Is it advisable to place one third of company excess cash in a small bank?

1 Answers  


Hi this is Nitesh an mba student. my question is companies often ask the que. why would u like to join this company? wat should be the answer?

6 Answers   Hawkins, HDFC, IBM,


I am going to apply for F1 visa interview in month of decmeber. I have two queries...i am applying on student visa aftr 8yrs of my study. in that 8 yrs i was working with MNC companies. will it affects for getting F1 visa? and the second question is i gave ielts but score expired in month of november. will it affects for the same?

1 Answers   Geodis Overseas,


what is meant graprevine?

2 Answers  


What criteria/qualities that you have that can help you in this position

0 Answers  


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)