Solution:

Date

Particulars

Amount

Date

Particulars

Amount

1995-1-1

To bank a/c

10,000

1995-12-31

By depreciation a/c

2,000

By balance c/d

8,000

10,000

10,000

1996-1-1

To balance b/d

8,000

1996-12-31

By depreciation a/c

2,000

By balance c/d

6,000

8,000

8,000

1997-1-1

To balance b/d

6,000

1997-12-31

By depreciation a/c

1,000

To gain on sales

500

By bank a/c

5,500

6,500

6,500

Solution:

Dr.

Machinery a/c

Cr.

Date

Particulars

Amount

Date

Particulars

Amount

2009-01-01

To Bank a/c

50,000

2009-12-31

By depreciation

5,000

By balance c/d

45,000

50,000

50,000

2010-01-01

To balance b/d

45,000

2010-12-31

By depreciation

5,000

By balance c/d

40,000

45,000

45,000

2011-01-01

To balance b/d

40,000

2011-12-31

By bank a/c

40,000

To bank a/c

50,000

By depreciation of sold machine

2,500

To profit on sales

2,500

By balance c/d

50,000

92,500

92,500

2012-01-01

To balance b/d

50,000

Solution:

Dr.

Machinery a/c

Cr.

Date

Particulars

Amount

Date

Particulars

Amount

2009-01-01

To bank a/c

80,000

2009-12-31

By depreciation a/c

8,000

By balance c/d

72,000

80,000

80,000

2010-01-01

To balance b/d

72,000

2010-12-31

By depreciation a/c

10,200

To bank a/c

60,000

By balance c/d

1,21,800

1,32,000

1,32,000

2011-01-01

To balance b/d

1,21,800

2011-12-31

By depreciation a/c

12,180

To bank a/c

1,20,000

By balance c/d

2,26,620

2,41,800

2,41,800

2012-01-01

To balance b/d

2,26,620

Solution:

Dr.

Machinery a/c

Cr.

Date

Particulars

Amount

Date

Particulars

Amount

2003-07-01

By bank a/c

80,000

2003-12-31

By depreciation a/c

8,000

By balance c/d

72,000

80,000

80,000

2004-07-01

To balance b/d

72,000

2004-12-31

By depreciation a/c

14,400

By balance c/d

57,600

72,000

72,000

2005-07-01

To balance b/d

57,600

2005-12-31

By depreciation a/c

11,520

By balance c/d

46,080

57,600

57,600

2006-07-01

To balance b/d

46,080

2006-12-31

By depreciation a/c

6,912

By bank a/c

32,000

By balance c/d

7,168

46080

46080

Solution:

Dr.

Machinery a/c

Cr.

Date

Particulars

Amount

Date

Particulars

Amount

1995-01-01

To bank a/c

45,000

1995-12-31

By depreciation a/c

4,500

By balance c/d

40,500

45,000

45,000

1996-01-01

To balance b/d

40,500

1996-12-31

By depreciation a/c

10,050

By balance c/d

90,450

1,00,500

1,00,500

1997-01-01

To balance b/d

90,450

1997-12-31

By bank a/c

22,000

By depreciation a/c

9,045

By profit and loss a/c

10,085

By balance c/d

48,600

90,450

90,450

1998-01-01

To balance b/d

48,600