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A company purchased a plant for 80000on 1st april2015 it further spent 1000 on its installation. It was put into use from 1st August 2015 you are required to draw the following laser account for the first four years when the rate of depreciation is 10% per annum on straight line method and books are closed on 31st March every year plant account and depreciation account?
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A company purchased a plant for 80000on 1st april2015 it further spent...
Plant Account and Depreciation Account

Introduction

In this question, we are required to draw the plant account and depreciation account for the first four years when the rate of depreciation is 10% per annum on straight-line method. The company purchased a plant for 80000 on 1st April 2015 and further spent 1000 on its installation. It was put into use from 1st August 2015, and the books are closed on 31st March every year.


Plant Account












































Date Particulars Amount Balance
1st April 2015 Cash A/c 80000 80000
1st April 2015 Plant Installation A/c 1000 81000
31st March 2016 Depreciation A/c 8100 72900
31st March 2017 Depreciation A/c 8100 64800
31st March 2018 Depreciation A/c 8100 56700
31st March 2019 Depreciation A/c 8100 48600


Depreciation Account



























Date Particulars Amount
31st March 2016 To Plant A/c 8100
31st March 2017 To Plant A/c 8100
31st March 2018 To Plant A/c 8100
31st March 2019 To Plant A/c 8100


Explanation

The plant account shows the purchase of the plant
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A company purchased a plant for 80000on 1st april2015 it further spent...
A company purchased plant for 80000 on first April 2011it furthers spent 1000 installation it fast put into use from first august 2011 you are required to draw following ledger  accounts for the first 4 years when the rate of depreciation is 10% straight line method and the books are closed on 31st March
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A company purchased a plant for 80000on 1st april2015 it further spent 1000 on its installation. It was put into use from 1st August 2015 you are required to draw the following laser account for the first four years when the rate of depreciation is 10% per annum on straight line method and books are closed on 31st March every year plant account and depreciation account?
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A company purchased a plant for 80000on 1st april2015 it further spent 1000 on its installation. It was put into use from 1st August 2015 you are required to draw the following laser account for the first four years when the rate of depreciation is 10% per annum on straight line method and books are closed on 31st March every year plant account and depreciation account? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about A company purchased a plant for 80000on 1st april2015 it further spent 1000 on its installation. It was put into use from 1st August 2015 you are required to draw the following laser account for the first four years when the rate of depreciation is 10% per annum on straight line method and books are closed on 31st March every year plant account and depreciation account? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company purchased a plant for 80000on 1st april2015 it further spent 1000 on its installation. It was put into use from 1st August 2015 you are required to draw the following laser account for the first four years when the rate of depreciation is 10% per annum on straight line method and books are closed on 31st March every year plant account and depreciation account?.
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