LI0

D M N
7
1 Q23. pl3.47
Retrospective Effect
Dr Plant Ac
Cr
Date Particulars Amt(3) Date Paticulars Am() Summay
5 1.1.99 To BankAc (M1) 10,00,000 1999.1.1 By Depreciation Ac 1.1.99 Mac.1 10,00,000|
6 1.7.99 To Bank Ac (2)_ S00000 1999.31.12 By Balancec'd 125000 5,00,000
[Mi=900000; M2=475000] 13,75,000 1.7.99 Mac.2

15,00.000 15.00.000 1.7.01 Mach 2(S) 4,00,000

9 2000.1.1|To Balancecid 15,75,000 2000.12.31 By Depreciation A/c 150,000 1.7.01 Mac.3 7,50,000
ITM1=900000; M2=475000] 2000.12.31|By Balance cd 31.12 Dep@10% SLM
MI=800000, M2=425000]
12,25.000
2002 Dep@20% WDVM
13 20011.1 |ToBalanc e cid_ 13,75,000 1375000
12.25,0002001.7.1 ByBank A/c (sold) 4,00,00| Note l: Deprecíation for 1999
14 MI=800000, M2=425000 By PLAc (Loss on sale) Mach1 11,00,000 1,00,000.00
15 2001.7.1 To Bank Ac(3) By Depreciation Ac ( )
350000
50000
750000 Mach2 T S,00,000 25,000.0
16
2001 12.31By Depreciation Ac(N4)| 87500 1,25,000.00
By Balance cd 1087500
8
MD=375000, M3=712500 Note2: Depreciation for 20000
19,75.000 19,75.000O Machl 1,00,000 1,00,000.00
20 2002.1.1 ToBalance bd 10,87500|L T 5,00,000
[M2=375000, M3=712500] Mach2 S0,000.0
22
150.000.00
h
 D E
2001.12.31 By Depreciation Ac (N4) 87500
M

By Balance cd 1087500 1,25,000.00

M2=375000 M3=712500] Note2: Depreciation for 2000 WDV @20%
19,75,000 Mach1
20 2002.1.1 To Balanceb'd 10,87,50031.12.2002 By PLAc (Differ ence) 19,75,000
137500
1,00,000 71,00,000.00
T 5,00,000 T95,000.0
M2-375000; M3=712500) |By Depreciaiton A/c (NG) | Mach2 50,000.0
By Balance c'd 217500 1,50,000.00
|10,87 500 732500
24 1.1.2003 To Balance bd 1087500 Note 3: Profit or Loss on sale of MI
732500 .1.2001 T 8,00,000
Less: Dep 50,000 7,50,000.0
1.7 2001 Sold 4,00,000.00
Loss 3,50,000.00
Note 4: Depreciation for 200o1
wDV20%
1
Mach2 T 5,00,000 50,000.00 85,000.00
Mach3 7,50,000 37,500.0 75,000.0
87.500.00R 1,60,000.00
4
Note 6: Depreciation for 2002
Mach2 3,75,000 75,000.00
7
Mach3 7,12,500 1,42,500.0
20-11-20223-11-2020 2,17.500.00
 125,000.00
Note 2: Depreciation for 2000
Mach1 1,00,000 1,00,000.00
Mach2 5,00,000 50,000.0
1,50.000.00
Note 3: Profit Loss
or on sale of N
1.1.2001 8,00,000
Less Dep 50,000 7,50,000.0
1.7.2001 Sold 4,00,000.0oo
Loss 3,50.000.0o
Note 2: Depreciation for 2000|
Mach2 5,00,000 100000
Mach2 5,00,000 50,000.0
31.50.0o
 Plant A/c Cr
Amt) Date Particulars Amt(3)
10,00,000 1999.1.1 By Depreciation Ac Summary Note 5: Difference in Depreciation
125,000 1.1.99 Mac.1 10,00,000| Date MachineSLM@10 WDVM@20%
500000|1999.31.12 By Balance c'd 13,75,000 Mac.2
1.7.99 5,00,000 31.12.99 M2 25000 S0000
[M1=900000; M2=475000]
5.00,000 15,00,000 1.7.01 Mach 2(S)
31.12.00 M2 S0000 90000
13,75,000|2000.12.31 By Depreciation A/c 4,00,000 31.12.01 M2 87500 160000
1.50,000 7.01 Mac.3 7,50,000
2000.12.31 By Balance cd 162500 300000
12,25,000 31.12 Dep@10% SLM Differ ence in Methods 137500
Mi=800000; M2=-425000]| 2002 Dep@20% WDVM
13,75,000
1375000
12,25.000 2001.7.1 By Bank Ac(sold) Note 1: Depreciation for 1999
By PLAc (Loss on sale) 4,00,000
350000 Machl WDV@20%
750000 1,00,000 71,00,000.00
ByDepreciation A/c MI)| 50000 Mach2 5,00,000 25,000.0 50,000.0
2001.12.31 By Depreciation A/c (N4) 87500
By Balance cd 1087500 1,25.000.0o
[M2=375000, M3=712500]| Note 2: Depreciation for
19,75,000 Machl
2000 WDV@20
19.75.000 1,00,000 1,00,000.00
10,87,500 Mach2 5,00,000 50,000.0 95,000.0
1.50,000.0o