[ISC] Q 7 Solution Depreciation TS Grewal Class 11 (2023-24)
Are you looking for the solution of Question number 7 Depreciation TS Grewal class 11 ISC 2023-24?
From the following transactions of a firm, prepare Machinery Account for the year ended 31st March, 2023:
| 1st April, 2022 | Purchased second-hand machinery for ₹ 40,000. |
| 1st April, 2022 | Spent ₹ 10,000 on repairs for making it serviceable. |
| 30th September, 2022 | Purchased additional new machinery for ₹ 20,000. |
| 31st December, 2022 | Repairs and renewals of machinery ₹ 3,000. |
| 31st March, 2023 | Depreciate the machinery at 10% p.a. |
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