[ISC] Q 13, 14 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 13 and 14 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 13. Paras purchased a second-hand machine on 1st April, 2022 and paid ₹ 1,40,000 for it. It spent on its overhauling and installation ₹ 20,000. On 1st October, 2022, another machine costing ₹ 80,000 was purchased. On 1st October, 2024, the machine purchased on 1st April, 2022 was sold for ₹ 1,04,000 and a new machine costing ₹ 2,00,000 was installed. Depreciation was provided @ 10% p.a. by the Straight Line Method. Give the Machinery Account and Depreication Account for 3 years. Firm’s books are closed on 31st March.
Solution:-
Q. 14. On 1st April, 2024, Machinery Account of Karan shows a balance of ₹ 96,000 (original cost ₹ 1,20,000). On 1st August, 2024, a machine for ₹ 60,000 was purchased and ₹ 9,000 were incurred for its freight and installation. On 1st Septemeber, 2025, another new machine was purchased for ₹ 50,000 by cheque, but the machine started functioning on 1st November, 2025.
Depreciation was charged @ 10% p.a. by the Straight Line Method. Give the necessary entries in the books of Karan and show Machinery Account for two years ended 31st March, 2025 and 2026.
Solution:-
