Page 137 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 11: Depreciation Accounting

Accounting entries for the accounting year for 2001-02 Notes

Second new furniture bought during the month 1st Oct, 2001
` `
1 April, 2001 Furniture A/c Dr 16,800
To Bank A/c 16,800
Being new furniture procured

Depreciation for the fi rst furniture
31 Mar, 2002 Depreciation A/c Dr 20,000
st
To Furniture A/c 20,000
Being the depreciation charged
Depreciation for the second furniture

31 Mar,2002 Depreciation A/c Dr 800
st
To Furniture A/c 800
Being the depreciation charged for the second furniture for 6 months
Accounting entries for the accounting year for 2002-03
Third new furniture bought during the month of 1st April, 2002.

1 April,2002 Furniture A/c 19,000
st
To Bank A/c 19,000
Being the furniture purchased during the year
Depreciation charged for the fi rst furniture

31 March, 2003 Depreciation A/c Dr 20,000
st
To Furniture A/c 20,000
Being the depreciation charged for the fi rst furniture
Depreciation charged for the second furniture

st
31 March, 2003 Depreciation A/c Dr 1,600
To Furniture A/c 1,600
Being the depreciation charged for the second furniture
Depreciation for the third furniture

31 March, 2003 Depreciation A/c Dr 1,800
st
To Furniture A/c 1,800
Being the depreciation charged for the third furniture
Accounting entries for the fourth year 2003-04
Depreciation charged for the fi rst furniture

31 March, 2004 Depreciation A/c Dr 20,000
st
To Furniture A/c 20,000
Being the depreciation charged for the fi rst furniture
Depreciation charged for the second furniture

st
31 March, 2004 Depreciation A/c Dr 1,600
To Furniture A/c 1,600
Being the depreciation charged for the second furniture

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