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    Case - Augusta Training Shop Snowflakes Sol

    Uploaded by

    Ascharya Debasish
    The document appears to be accounting records for a service firm. It records various transactions from the start of the business on January 1st, 2020 through December 31st, 2021, including purchasing assets, generating revenue, and recording expenses. Depreciation is calculated for assets using straight line and written down value methods.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Case - Augusta Training Shop Snowflakes Sol

    Uploaded by

    Ascharya Debasish
    344 views13 pages
    The document appears to be accounting records for a service firm. It records various transactions from the start of the business on January 1st, 2020 through December 31st, 2021, including purchasing assets, generating revenue, and recording expenses. Depreciation is calculated for assets using straight line and written down value methods.

    Original Description:

    Case -Augusta Training Shop Snowflakes

    Original Title

    Case -Augusta Training Shop Snowflakes Sol

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document appears to be accounting records for a service firm. It records various transactions from the start of the business on January 1st, 2020 through December 31st, 2021, including purchasing assets, generating revenue, and recording expenses. Depreciation is calculated for assets using straight line and written down value methods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    344 views13 pages

    Case - Augusta Training Shop Snowflakes Sol

    Uploaded by

    Ascharya Debasish
    The document appears to be accounting records for a service firm. It records various transactions from the start of the business on January 1st, 2020 through December 31st, 2021, including purchasing assets, generating revenue, and recording expenses. Depreciation is calculated for assets using straight line and written down value methods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 13
    At a glance
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    The owner started a service firm to clean vehicles. He acquired initial cash and assets like land, building and a small machine. He purchased several other machines for the business operations and recorded depreciation for the assets using different methods.

    The owner started the business with Rs. 1000 cash. He purchased land and building for Rs. 200. He also received land worth Rs. 100 from the government. He purchased a small machine for Rs. 1.

    The owner purchased the following machines and their costs: M1 for Rs. 100, M2 for Rs. 100, M3 for Rs. 100, M4 for Rs. 100, M5 for Rs. 100.

    Date Trans

    01/Jan/20 101
    01/Jan/20 102 T
    01/Jan/20 103 T
    01/Jan/20 104 T
    01/Jan/20 105 T

    01/Jan/20 106 T
    01/Jan/20 107 T
    01/Jan/20 108 T
    01/Jan/20 109 T
    01/Jul/20 110 T
    31/Dec/20 111 T
    31/Dec/20 112 T
    31/Dec/20 113 T
    31/Dec/20 114
    31/Dec/20 115 T
    31/Dec/20 116 T
    31/Dec/20 117 T
    31/Dec/20 118 T
    31/Dec/20 119 T
    31/Dec/21 120 T
    31/Dec/21 121 T
    31/Dec/21 122 T
    31/Dec/21 123
    31/Dec/21 124 T
    31/Dec/21 125 T
    31/Dec/21 126 T
    31/Dec/21 127 T
    31/Dec/21 128 T
    Details
    Started a service firm. It requires several types of machines for cleaning vechicles
    Owner provided cash of 1000
    Purchases land and building at 200. An expert values land at 300 and building at 300.
    Govt donanted land worth 100 for zero cost.
    M1 machines list price is 87; trade discount is 1; import duty; tax 5; insurance cost 1; freight 4
    and installation charges 4
    Purchased M2 machine for 100
    Purchased M3 machine for 100
    Purchased M4 machine for 100
    Purchased a small machine for 1 rupee
    Purchased M5 machine for 100
    Service revenue of 1000
    Salary expense of 400
    Depreciation for 103 transaction
    Depreciation for 104 transaction
    Depreciation for M1
    Depreciation for M2
    Depreciation for M3
    Depreciation for M4
    Depreciation for M5
    Service revenue of 1000
    Salary expense of 400
    Depreciation for 103 transaction
    Depreciation for 104 transaction
    Depreciation for M1
    Depreciation for M2 (depreciation method changed to SL)
    Discarding asset M3 for zero
    Holding asset for sale M4 for 30
    Exchange of M5 with M6 worth 200
    Comments

    Building useful life 10 years; residual value 0


    Land useful life indefinite
    useful life 4 years; residual value 10

    useful life 4 years; residual value 10


    useful life 4 years; residual value 10
    useful life 4 years; residual value 10

    useful life 4 years; residual value 10

    SL
    WDV
    SL
    SL
    WDV

    SL

    SL
    SL
    SL
    87
    -1
    5
    1
    4
    4
    100
    trans_no account_type Dr Cr
    102 cash 1000.00
    102 equity-share capital 1000.00
    103 Land 100.00
    103 cash 100.00
    103 Building 100.00
    103 cash 100.00
    104 Land 100.00
    104 equity-gains 100.00
    105 M1 100.00
    105 cash 100.00
    106 M2 100.00
    106 cash 100.00
    107 M3 100.00
    107 cash 100.00
    108 M4 100.00
    108 cash 100.00
    109 equity-expense 1.00
    109 cash 1.00
    110 M5 100.00
    110 cash 100.00
    111 equity-revenue 1000.00
    111 cash 1000.00
    112 equity-salary expense 400.00
    112 cash 400.00
    113 dep-expense-building 10.00
    113 acc-dep-building 10.00
    115 dep-expense-M1 22.50
    115 acc-dep-M1 22.50
    116 dep-expense-M2 43.77
    116 acc-dep-M2 43.77
    117 dep-expense-M3 22.50
    117 acc-dep-M3 22.50
    118 dep-expense-M4 22.50
    118 acc-dep-M4 22.50
    119 dep-expense-M5 25.01
    119 acc-dep-M5 25.01
    120 equity-revenue 1000.00
    120 cash 1000.00
    121 equity-salary expense 400.00
    121 cash 400.00
    122 dep-expense-building 10.00
    122 acc-dep-building 10.00
    124 dep-expense-M1 22.50
    124 acc-dep-M1 22.50
    125 dep-expense-M2 15.41
    125 acc-dep-M2 15.41
    126 dep-expense-M3 22.50
    126 acc-dep-M3 22.50
    126 acc-dep-M3 45.00
    126 equity-loss 55.00
    126 M3 100.00
    127 dep-expense-M4 22.50
    127 acc-dep-M4 22.50
    127 M4-old 30.00
    127 equity-loss 25.00
    127 acc-dep-M4 45.00
    127 M4 100.00
    128 dep-expense-M5 32.82
    128 acc-dep-M5 32.82
    128 acc-dep-M5 57.83
    128 M5 100
    128 M6 200
    128 equity-gains 157.83

    5330.84 5330.84
    period method dep_expense acc_dep carry_value
    1 SL 10 10 90
    2 SL 10 20 80
    3 SL 10 30 70
    4 SL 10 40 60
    5 SL 10 50 50
    6 SL 10 60 40
    7 SL 10 70 30
    8 SL 10 80 20
    9 SL 10 90 10
    10 SL 10 100 0
    period method dep_expense acc_dep carry_value
    1 SL 22.5 22.5 77.5
    2 SL 22.5 45 55
    3 SL 22.5 67.5 32.5
    4 SL 22.5 90 10
    period method dep_expenacc_dep carry_value
    1 WDV 43.76587 43.76587 56.23413 period method dep_expenacc_dep
    2 WDV 24.61136 68.37722 31.62278 1 SL 15.41138 15.41138
    3 WDV 13.83998 82.21721 17.78279 2 SL 15.41138 30.82276
    4 WDV 7.782794 90 10 3 SL 15.41138 46.23413
    carry_value
    40.82276
    25.41138
    10
    period method dep_expenacc_dep carry_value
    1 SL 22.5 22.5 77.5
    2 SL 22.5 45 55
    3 SL 22.5 67.5 32.5
    4 SL 22.5 90 10
    period method dep_expenacc_dep carry_value
    1 SL 22.5 22.5 77.5
    2 SL 22.5 45 55
    3 SL 22.5 67.5 32.5
    4 SL 22.5 90 10
    period method dep_expenacc_dep carry_value
    1 WDV 25.01058 25.01058 74.989420933
    2 WDV 18.75529 43.76587 56.234132519 32.81977
    3 WDV 14.06448 57.83035 42.169650343
    4 WDV 10.54687 68.37722 31.622776602
    5 WDV 7.90904 76.28626 23.713737057
    6 WDV 5.930943 82.21721 17.7827941
    7 WDV 4.44758 86.66479 13.335214322
    8 WDV 3.335214 90 10

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