Page 135 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 11: Depreciation Accounting

Dr Plant & Machinery A/c II Yr Cr Notes

Date Particular ` Date Particulars `
1 April, 2000 To Balance B/d 74,000 31 March, 2001 By Depreciation 16,000
st
(transferred from I Yr By Balance c/d
Plant & Machinery) transferred to III Yr
Plant & Machinery A/C 58,000
74,000 74,000
To Balance B/d 58,000
Dr Plant & Machinery A/c III Yr Cr
Date Particular ` Date Particulars `
1 April, 2001 To Balance B/d 58,000 31 March, 2002 By Depreciation 16,000
st
(transferred from II Yr Plant
& Machinery) By Balance c/d
(transferred to IV Yr
Plant &
Machinery A/C) 42,000
58,000 58,000
To Balance B/d 42,000

Dr Plant & Machinery A/c IV Yr Cr
Date Particular ` Date Particulars `
st
1 April, 2002 To Balance B/d 42,000 31 Mar,2003 By Depreciation 16,000
(transferred from III Yr
Plant & Machinery)
By Balance c/d
(transferred to V Yr
Plant &
Machinery A/C) 26,000
42,000 42,000
To Balance B/d 26,000
Dr Plant & Machinery A/c V Yr Cr
Date Particular ` Date Particulars `
st
1 April, 2003 To Balance B/d 26,000 31 Mar, 2004 By Depreciation 16,000
st
(transferred from
IV Yr Plant & Machinery) By Cash 10,000
26,000 26,000
The next ledger account to be prepared is the Depreciation A/c.

Depreciation A/c

Date Particulars Amount ` Date Particulars Amount `
31 Mar, 2000 To Plant & Machinery 16,000 31 Mar, 2000 By P & L A/c 16,000
st
st
31 Mar, 2001 To Plant & Machinery 16,000 31 Mar, 2001 By P & L A/c 16,000
St
St
St
31 Mar, 2002 To Plant & Machinery 16,000 31 Mar, 2002 By P & L A/c 16,000
St
31 Mar, 2003 To Plant & Machinery 16,000 31 Mar, 2003 By P & L A/c 16,000
St
St
31 Mar, 2004 To Plant & Machinery 16,000 31 Mar, 2004 By P & L A/c 16,000
St
St

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