Sinking Fund Method of Depreciation – Example – In Hindi

सिंकिंग फंड विधि  (Sinking Fund Method) हमें मूल्यह्रास (Depreciation) की राशि के साथ-साथ इस परिसंपत्ति के प्रतिस्थापन के लिए धन प्रदान करेगी जब किसी परिसंपत्ति को किसी संपत्ति के जीवन के अंत की तरह प्रतिस्थापन की आवश्यकता होती है। सिंकिंग फंड विधि (Sinking Fund Method) के तहत, हमने परिसंपत्ति के मूल्य पर मूल्यह्रास का आरोप लगाया, लेकिन परिसंपत्ति खाते में जमा नहीं किया जाएगा, इसके बजाय हम डूबते निधि खाते में जमा करेंगे। सिंकिंग फंड विधि (Sinking Fund Method) खाता बैलेंस शीट (क्योंकि यह एक फंड खाता है) की देनदारियों के पक्ष में दिखाया जाएगा और एक परिसंपत्ति को बैलेंस शीट के परिसंपत्तियों के पक्ष में मूल मूल्य पर दिखाया जाएगा। प्रत्येक लेखा वर्ष के अंत में, एक वर्ष में जमा की गई डूबती हुई धनराशि को जरूरत पड़ने पर किसी परिसंपत्ति के प्रतिस्थापन के लिए नकद प्रदान करने के लिए बाहर की विपणन योग्य सुरक्षा में निवेश किया जाएगा।

इसे मूल्यह्रास निधि खाता भी कहा जाता है।

*बाजारू सुरक्षा पर प्राप्त ब्याज का इसी तरह निवेश किया जाएगा। तो हम मूल्यह्रास की मात्रा की गणना करने के लिए इस तरह से एक चक्रवृद्धि ब्याज की राशि संपत्ति की कीमत के बराबर राशि होगी जब तक यह बेकार हो जाता है.

तो, इस राशि की गणना सिंकिंग फंड विधिकी मदद से की जाएगी।

The formula of Calculation of Sinking Fund table value :

Sinking Fund Method formula of depreciation

निम्न तालिका सिंकिंग फंड विधि अवधि को बुद्धिमान दिखाती है।

Period

1%

2%

3%

4%

5%

1  1.000000  1.000000  1.000000  1.000000  1.000000
2  0.497512  0.495050  0.492611  0.490196  0.487805
3  0.330022  0.326755  0.323530  0.320349  0.317209
4  0.246281  0.242624  0.239027  0.235490  0.232012
5  0.196040  0.192158  0.188355  0.184627  0.180975
6  0.162548  0.158526  0.154598  0.150762  0.147017
7  0.138628  0.134512  0.130506  0.126610  0.122820
8  0.120690  0.116510  0.112456  0.108528  0.104722
9  0.106740  0.102515  0.098434  0.094493  0.090690
10  0.095582  0.091327  0.087231  0.083291  0.079505
15  0.062124  0.057825  0.053767  0.049941  0.046342
20  0.045415  0.041157  0.037216  0.033582  0.030243
25  0.035407  0.031220  0.027428  0.024012  0.020952
30  0.028748  0.024650  0.021019  0.017830  0.015051

 

Journal Entries for Sinking Fund Method:

1st Year: 

1) Asset A/c                                 Dr     ________

To Bank A/c                                                 ________

(Being asset purchased )

2) Depreciation A/c                        Dr     ________

To Sinking Fund A/c                                 ________

(Being dep. charged for the year)

3) Profit/loss A/c                            Dr.    ________

To Depreciation A/c                              ________

(Being dep. of the year transferred to P/L A/c)

4) Sinking Fund Investment A/c    Dr.   ________

To Bank A/c                                         ________

(Being amount of Dep. Invested in SFI A/c)

Subsequent Years: –

1) Bank A/c                                    Dr.    ________

To Sinking fund A/c                 ________

(Being Interest on Sinking fund investment account received for the year)

2) Depreciation A/c                        Dr.  ________

To Sinking Fund A/c                             ________

(Being dep. charged for the year)

3) Profit/loss A/c                            Dr.  ________

To Depreciation A/c                             ________

(Being dep. of the year transferred to P/L A/c)

4) Sinking Fund Investment A/c    Dr.  ________

To Bank A/c                                          ________

(Being amount of Dep. plus interest on Sinking fund investment Invested in SFI A/c)

In the Last Year: –

1) Bank A/c                                    Dr.    ________

To Sinking fund A/c                 ________

(Being Interest on Sinking fund investment account received for the year)

2) Depreciation A/c                        Dr.  ________

To Sinking Fund A/c                             ________

(Being dep. charged for the year)

3) Profit/loss A/c                            Dr.  ________

To Depreciation A/c                             ________

(Being dep. of the year transferred to P/L A/c)

4) Sinking Fund Investment A/c    Dr.  ________

To Bank A/c

5) Bank A/c                                         Dr.  ________

To Sinking fund Investment a/c                ________

(Being invest sold at par means no profit no loss)

or 

5) Bank A/c                                         Dr.   ________

Sinking Fund A/c                                Dr.   ________

To Sinking fund Investment a/c                 ________

(Being invest sold at on loss)

or 

5) Bank A/c                                         Dr.  ________

To Sinking fund Investment a/c                ________

To Sinking Fund A/c                                  ________

(Being invest sold at on profit)

6) Sinking Fund A/c                              Dr.   ________

To Asset a/c                                            ________

(Being balance of asset account transferred to Sinking fund account)

7) Sinking Fund A/c                              Dr.   ________

To Profit/Loss a/c                                            ________

(Being balance of Sinking fund account transferred to Profit and loss account –  if profit)

Or

7) Profit/Loss A/c                              Dr.   ________

To Sinking Fund a/c                                            ________

(Being balance of Sinking fund account transferred to Profit and loss account –  if Loss)

मूल्यह्रास की सिंकिंग फंड विधि (Sinking Fund Method) का उदाहरण:

A and B Pvt. Ltd. purchase a machine on 01/04/2012 on lease for 4 years for Rs 10,00,000/-. It decided to provide cash for the replacement of the lease at the end of the 4th year by setting up a sinking fund. It is expected that investment will fetch interest @ 5%. The Sinking fund table shows that an annual payment of Re. 1 at 5% compound interest in 4 years is equal to 0.232012. Investment is made to the nearest rupee. At the end of the 4th year investment sold for Rs.7,50,000/-.

उपाय (Example) :

Working Note: –

*(it will be shown at the end of the sum in the exam. We have written it here because this is the first step in solving sinking fund method-related questions.)

Calculate the amount of Depreciation or Investment.  

The total cost of an asset     X    value of rupee after four years @ 5% (we got this value from the sinking fund table)

10,00,000 X 0.232012 = Rs 2,32,012  (this amount will be amount of depreciation and annual investment amount.)

Calculation of the amount of interest and the total amount of investment for each year-end.

Year  Opening Investment  Interest @ 5% Investment at the end of Year Total Investment of the Year  Closing Investment
1 2 3 4 5 = 3+4 6 = 5+2
2012-13 2,32,012 2,32,012 2,32,012
2013-14 2,32,012 11,601 2,32,012 2,43,613 4,75,625
2014-15 4,75,625 23,781 2,32,012 2,55,793 7,31,418
2015-16 7,31,418 36,571 7,31,418

Calculate Profit or Loss on Sinking Fund Investment:

Profit or Loss on SFI = Sale Price of SFI – Book value of SFI

मूल्यह्रास की सिंकिंग फंड विधि (Sinking Fund Method) के तहत जर्नल प्रविष्टियाँ: –

अब, हम साल दर साल सभी जर्नल प्रविष्टियाँ पोस्ट करेंगे जो सिंकिंग फंड विधि मूल्यह्रास के अनुसार निम्नलिखित है: –

First Year 2012-13

Date

Particulars

L.F.

 Debit

 Credit

2012-13            
01-Apr Lease (Land) A/c Dr.    10,00,000  
    To Bank A/c        10,00,000
  (Being land purchased on lease )      
 
31-Mar Depreciation A/c Dr.           2,32,012  
    To Sinking Fund A/c               2,32,012
  (Being Depreciation on asset charged)      
 
31-Mar Profit or loss A/c Dr.           2,32,012  
    To Depreciation A/c               2,32,012
  (Being Depreciation transfer to P&L A/c)      
 
31-Mar Sinking Fund Investment A/c Dr.      2,32,012  
    To Bank A/c               2,32,012
  (Being amount of Sinking fund invested)      

Second Year – 2013-14

Date 

Particulars

L.F.

 Debit 

 Credit 

2013-14            
31-Mar Bank A/c  Dr.          11,601  
    To Sinking Fund A/c             11,601
  (Being Interest received on SFI)      
 
31-Mar Depreciation A/c  Dr.            2,32,012  
    To Sinking Fund A/c               2,32,012
  (Being Depreciation on asset charged)      
 
31-Mar Profit or loss A/c Dr.            2,32,012  
    To Depreciation A/c                2,32,012
  (Being Depreciation transfer to P&L A/c)      
 
31-Mar Sinking Fund Investment A/c Dr.       2,43,613  
    To Bank A/c               2,43,613
  (Being amount of Sinking fund and interest invested)      

 
Third Year – 2014-15

Date 

Particulars 

L.F.

 Debit 

 Credit 

2014-15            
31-Mar Bank A/c  Dr.          23,781  
    To Sinking Fund A/c             23,781
  (Being Interest received on SFI)      
 
31-Mar Depreciation A/c  Dr.            2,32,012  
    To Sinking Fund A/c               2,32,012
  (Being Depreciation on asset charged)      
 
31-Mar Profit or loss A/c Dr.            2,32,012  
    To Depreciation A/c                2,32,012
  (Being Depreciation transfer to P&L A/c)      
 
31-Mar Sinking Fund Investment A/c Dr.       2,55,793  
    To Bank A/c               2,55,793
  (Being amount of Sinking fund and interest invested)      

Fourth Year – 2015-16

Date 

Particulars 

L.F.

 Debit 

 Credit 

2015-16            
31-Mar Bank A/c  Dr.          36,571  
    To Sinking Fund A/c             36,571
  (Being Interest received on SFI)      
 
31-Mar Depreciation A/c  Dr.            2,32,012  
    To Sinking Fund A/c               2,32,012
  (Being Depreciation on asset charged)      
 
31-Mar Profit or loss A/c Dr.            2,32,012  
    To Depreciation A/c                2,32,012
  (Being Depreciation transfer to P&L A/c)      
 
31-Mar Bank A/c  Dr.       7,50,000  
    To Sinking Fund Investment A/c               7,31,418
    To Sinking Fund A/c                  18,582
  (Being Sinking fund investment sold on the profit of Rs 18,582/-)      
             
31-Mar Sinking Fund A/c Dr.         10,00,000  
    To Lease (Land) A/c             10,00,000
  (Being Amount of Lease written off by transferring fund to asset account)      
 
31-Mar Sinking Fund A/c Dr.               18,583  
    To Profit or loss A/c                  18,583
  (Being balance amount of sinking fund account transfer to P&L account)      
* Total of Sinking Fund A/c – Transfer to Lease A/c (1018583 – 1000000 = 18583)

मूल्यह्रास की सिंकिंग फंड विधि (Sinking Fund Method)
के तहत एसेट खाता:

अब, हम इन सभी लेन-देन को सिंकिंग फंड विधि मूल्यह्रास के अनुसार खाता में पोस्ट करेंगे:

Lease (Land) Account

Date

Particulars

 Amount 

Date

Particulars

 Amount 

01-04-13 To Bank A/c 10,00,000      
      31-03-14 By Balance C/d 10,00,000
    10,00,000     10,00,000
 
01-04-14 To Balance B/d 10,00,000      
      31-03-15 By Balance C/d 10,00,000
    10,00,000     10,00,000
 
01-04-15 To Balance B/d 10,00,000      
      31-03-16 By Balance C/d 10,00,000
    10,00,000     10,00,000
 
01-04-16 To Balance B/d 10,00,000 31-03-17 By Sinking Fund A/c 10,00,000
      31-03-17 By Balance C/d
    10,00,000     10,00,000

 

Sinking Fund Account

Date

Particulars

 Amount 

Date

Particulars

 Amount 

      31-03-14 By Depreciation A/c 2,32,012
31-03-14 To Balance C/d 2,32,012      
    2,32,012     2,32,012
 
     – 31-03-15 By Balance B/d 2,32,012
        – 31-03-15 By Bank A/c (Interest) 11,601
31-03-15 To Balance C/d 4,75,625 31-03-15 By Depreciation A/c 2,32,012
    4,75,625     4,75,625
 
    31-03-16 By Balance B/d 4,75,625
        – 31-03-16 By Bank A/c (Interest) 23,781
31-03-16 To Balance C/d 7,31,418 31-03-16 By Depreciation A/c 2,32,012
      7,31,418     7,31,418
 
31-03-17 To Lease(Land) A/c 10,00,000 31-03-17 By Balance B/d 7,31,418
31-03-17 To Profit/Loss A/c 18,583 31-03-17 By Bank A/c (Interest) 36,571
    31-03-17 By Bank A/c (Profit) 8,582
31-03-17 To Balance C/d               – 31-03-17 By Depreciation A/c 2,32,012
    10,18,583     10,18,583

 

Depreciation Account

Date

Particulars

 Amount 

Date

Particulars

 Amount 

31-03-14 To Profit/Loss A/c 2,32,012 31-03-14 By Depreciation A/c 2,32,012
    2,32,012     2,32,012
 
31-03-15 To Profit/Loss A/c 2,32,012 31-03-15 By Depreciation A/c 2,32,012
    2,32,012     2,32,012
 
31-03-16 To Profit/Loss A/c 2,32,012 31-03-16 By Depreciation A/c 2,32,012
    2,32,012     2,32,012
 
31-03-17 To Profit/Loss A/c 2,32,012 31-03-17 By Depreciation A/c 2,32,012
    2,32,012     2,32,012

 

Sinking Fund Investment Account

Date

Particulars

 Amount 

Date

Particulars

 Amount 

31-03-14 To Bank A/c 2,32,012      
      31-03-14 By Balance C/d 2,32,012
    2,32,012     2,32,012
 
31-03-15 To Balance B/d 2,32,012      
31-03-15 To Bank A/c 2,43,613 31-03-15 By Balance C/d 4,75,625
    4,75,625     4,75,625
 
31-03-16 To Balance B/d 4,75,625      
31-03-16 To Bank A/c 2,55,793 31-03-16 By Balance C/d 7,31,418
    7,31,418     7,31,418
           
31-03-17 To Balance B/d 7,31,418 31-03-17 By Bank A/c 7,31,418
      31-03-17 By Balance C/d
    7,31,418     7,31,418

यदि आपके पास सिंकिंग फंड विधि (Sinking Fund Method) के इस विषय के बारे में कोई प्रश्न हैं, तो कृपया नीचे टिप्पणी अनुभाग में पूछें।

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