tangible asset
2011-12 9,00,000
2010-11 8,00,000
adjustment :
depreciation charged on tangible asset during the year amounted to Rs 3,00,000
how to calculate this ?? is there a need to prepare fixed asset a/c ?? if no then how to do this without fxed asset a/c ?

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Solution

Thumbs up to the answer provided by Nasreen, the same has been provided in Ledger account format:

Tangible Assets Account

Dr.

Cr.

Particulars

Amount

(Rs)

Particulars

Amount

(Rs)

Balance b/d

8,00,000

Depreciation A/c

3,00,000

Bank A/c (Purchase- Bal. Fig.)

4,00,000

Balance c/d

9,00,000

12,00,000

12,00,000

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Tangible Assets Account
Dr.		Cr.
Particulars	Amount (Rs)	Particulars	Amount (Rs)
Balance b/d	8,00,000	Depreciation A/c	3,00,000
Bank A/c (Purchase- Bal. Fig.)	4,00,000	Balance c/d	9,00,000
	12,00,000		12,00,000

tangible asset2011-12 9,00,0002010-11 8,00,000adjustment :depreciation charged on tangible asset during the year amounted to Rs 3,00,000how to calculate this ?? is there a need to prepare fixed asset a/c ?? if no then how to do this without fxed asset a/c ?

tangible asset
2011-12 9,00,000
2010-11 8,00,000
adjustment :
depreciation charged on tangible asset during the year amounted to Rs 3,00,000
how to calculate this ?? is there a need to prepare fixed asset a/c ?? if no then how to do this without fxed asset a/c ?