VIJAYAM JR.

COLLEGE,CHITTOOR
Sub:Commerce Date:13/07/2018 Marks:25

1. Suneetha traders purchased a second hand machine for Rs.72,000 on 1st January
2011and spent 8,000 on repairs and installed the same. Depreciation is written-off at 10%
p.a. on the Straight Line Method. On 30th June 2013 the machine was sold for Rs.50,000.
Prepare machinery account assuming that the accounts are closed on 31st
December every Year.

2. Manoj and company purchased a second hand machine for Rs.18,000 on 1st April 2011
and spent Rs.2,000 on repairs and installed the same. Depreciation is written-off at 10%
p.a. on Straight Line Method. On 30th June 2013 it was sold for Rs.13,000.
Prepare machine account assuming that the accounts are closed on 31st December
every year

3. On 1st January 2012 Siva & co purchased a second hand machinery for Rs.34,000 and
spent Rs.6,000 on its repairs and installed the same. On 31st December 2014 the
machinery was sold for Rs.26,000. The books are closed on 31st December every year.
Depreciation is provided @ 10% p.a. on Reducing Balance Method. Show the Machinery
Account.

VIJAYAM JR.COLLEGE,CHITTOOR
Sub:Commerce Date:13/07/2018 Marks:25

1. Suneetha traders purchased a second hand machine for Rs.72,000 on 1st January
2011and spent 8,000 on repairs and installed the same. Depreciation is written-off at 10%
p.a. on the Straight Line Method. On 30th June 2013 the machine was sold for Rs.50,000.
Prepare machinery account assuming that the accounts are closed on 31st
December every Year.

2. Manoj and company purchased a second hand machine for Rs.18,000 on 1st April 2011
and spent Rs.2,000 on repairs and installed the same. Depreciation is written-off at 10%
p.a. on Straight Line Method. On 30th June 2013 it was sold for Rs.13,000.
Prepare machine account assuming that the accounts are closed on 31st December
every year

3. On 1st January 2012 Siva & co purchased a second hand machinery for Rs.34,000 and
spent Rs.6,000 on its repairs and installed the same. On 31st December 2014 the
machinery was sold for Rs.26,000. The books are closed on 31st December every year.
Depreciation is provided @ 10% p.a. on Reducing Balance Method. Show the Machinery
Account.