[ISC] Q 36 Solution Depreciation TS Grewal Class 11 (2023-24)
Solution of Question number 36 Depreciation TS Grewal class 11 ISC 2023-24?
Following balances exist in the books of Amrit as on 1st April, 2022:
| 2022 1st April | Machinery A/c Provision for Depreciation A/c | 60,000 36,000 |
On 1st April, 2022, they sold a machinery for ₹ 8,400 which was purchased on 1st April, 2018 for ₹ 16,000.
You are required to prepare the Machinery A/c, Provision for Depreciation A/c and Machinery Disposal A/c for the year ended 31st March, 2023. Depreciation was charged at 10% on Cost following SLM.
Solution:-
