Illustration No. 5

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 Working Note

 Calculation Of Depreciation

2014

1st Jan 2014 600000*10/100= 60000


1st Sep 2014 370000*10/100*4/12= 12333
Total Depn = 72333

2015

1st Machine 600000*10/100 = 60000


2nd Machine 370000*10/100 = 37000
3rd Machine 840000*10/100*8/12 = 56000
Total Depn 153000

2016

1st Machine 600000*10/100 = 60000


2nd Machine 370000*10/100 = 37000
3rd Machine 840000*10/100 = 84000
Total Depn 181000

2017

1st Machine 600000*10/100 = 60000


2nd Machine 370000*10/100 = 37000
3rd Machine 840000*10/100 = 84000
Total Depn 181000
In the Books Of Ganga Ltd.
Machinery A/c
Dr Cr
Date Particulars J Amt Date Particulars J Amt
/ /
f f
2014 2014
st
1 Jan To Bank A/c - 600000 31St By Depreciation A/c - 72333
Dec
1st May To Bank A/c - 370000 31St By Balance C/d 897667
Dec (Bal.fig.)

970000 970000
2015 2015
st
1 Jan To Balance B/d - 897667 - 153000
1st May To Bank A/c - 840000 - 1584667

1737667 1737667
2016 2016
1st Jan To Balancc B/d - 1584667 31St By Depreciation A/c - 181000
Dec
31St By Balance C/d 1403667
Dec

1584667 1584667
2017 2017
1st Jan To Balancc B/d - 1403667 31St By Depreciation A/c - 181000
Dec
31St By Balance C/d 1222667
Dec
1403667 1403667
2018
1st Jan To Balancc B/d 1222667

Depreciation A/c
Dr Cr
Date Particulars J Amt Date Particulars J Amt
/ /
f f
2014 2014
31st Dec To Machinery A/c - 72333 31st By P & L A/c - 723333
Dec
72333 72333
2015 2015
31st Dec To Machinery A/c - 153000 31st By P & L A/c - 153000
Dec
153000 153000
2016 2016
st
31 Dec To Machinery A/c - 181000 31st By P & L A/c - 181000
Dec
181000 181000
2017 2017
31st Dec To Machinery A/c - 181000 31st By P & L A/c - 181000
Dec

181000 181000

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