Point 1: As on January 2, 2010

Factory Machinary
Debit (+)
Credit (-)
3425585
31233
Less FM Accumulated Dep
Debit (+)
Credit (-)
27367
1642358
Cash
Debit (+)
3866

Credit (-)

Point2: As on date 31st December 2010.

Tool Inventory
Debit (+)
Credit (-)
61294
7850

Automobile
Debit (+)
58298
Accumulated Dep
Debit (+)
5180
278.47

Credit (-)
8354
Credit (-)
37156.00
278.47

Depreciation Expense
Debit (+)
278.47
Depreciation on Automobile for 2010(Assuming straight line method for calculation of de
For 2 months it would be
Now the net book value of the automobile as on march 1, 2010 is 2895.53
Point4: As on 31st December 2010
Patent
Debit (+)
Credit (-)
56250
11250
Point5: As on july1, 2010
Office Machine
Debit (+)
Credit (-)
42534
1027

Point6: As on Oct1, 2010

P&L
Debit (+)
11250

Office Furniture and fixture

Debit (+)
Credit (-)
56484
490

Answer:2
Building
Debit (+)
2405259
Machinery
Debit (+)
3425585

Credit (-)

Credit (-)
31233

Automative Equipment
Debit (+)
Credit (-)
58298
8354

Furniture and Fixrure

Debit (+)
Credit (-)
56484
490

Office Machines
Debit (+)
42534

Credit (-)
1027

Expense
Debit
Tool Inventory 7850

Credit

Point3: As on March 1, 2010

Cash
Debit(+)
2336

Credit(-)

Profit and Loss

Credit (-)
Debit (+) Credit (-)
-2336
raight line method for calculation of depreciation)

1670.8
278.4667

march 1, 2010 is 2895.53

Credit (-)

Accumulated Dep
Debit (+)
1027

Credit (-)
28005

Cash
Debit (+) Credit (-)
75

P&L
Debit (+)

Acc Depreciation
Debit (+)
426.75

Acc Depreciation
Debit (+)

Acc Depreciation
Debit (+)
27367

Acc Depreciation
Debit (+)
278.47
5180

Acc Depreciation
Debit (+)
426.75

Acc Depreciation
Debit (+)
1027

Credit (-)
40400
36.75

Credit (-)
663379
48105.18
Credit (-)
1642358
330935.2

Credit (-)
37156
9988.8
278.47

Credit (-)
40400
5599.4
36.75

Credit (-)
28005
4150.7

Depreciation Expense
Debit (+) Credit (-)
36.75

Depreciation Expense
Debit (+) Credit (-)
48105.18
Depreciation Expense
Debit (+) Credit (-)
330935.2

Depreciation Expense
Debit (+) Credit (-)
9988.8
278.47

Depreciation Expense
Debit (+) Credit (-)
5599.4
36.75

Depreciation Expense
Debit (+) Credit (-)
4150.7

Cash
Debit (+)
80

Credit (-)
75

Credit (-)

P&L
Debit (+) Credit (-)
16.75