Solution of Question number 39 Depreciation TS Grewal class 11 ISC 2023-24? On 1st April, 2020, Amit Kumar purchased five machines for ₹ 60,000 each. Depreciation @ 10% p.a. on initial cost has been charged from the Profit & Loss…
Solution of Question number 38 Depreciation TS Grewal class 11 ISC 2023-24? Sharma & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2020, additional machinery was acquired for ₹ 50,000 on 1st…
Solution of Question number 37 Depreciation TS Grewal class 11 ISC 2023-24? On 1st October, 2016, X Ltd. purchased machinery for ₹ 2,50,000. A part of machinery which was purchased for ₹ 20,000 on 1st October, 2016 became obsolete and…
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: 20221st April Machinery A/cProvision for Depreciation A/c 60,00036,000 On 1st April, 2022, they sold a…
Solution of Question number 35 Depreciation TS Grewal class 11 ISC 2023-24? On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹…
Solution of Question number 34 Depreciation TS Grewal class 11 ISC 2023-24? The following balances appear in the books of Satish Bros. on 1st April, 2022: Machinery AccountAccumulated Depreciation Account ₹ 1,00,000₹ 36,000 On 1st April, 2022, they decided to…
Solution of Question number 33 Depreciation TS Grewal class 11 ISC 2023-24? You are given following balances as on 1st April, 2022: Machinery AccountProvision for Depreciation Account ₹ 12,50,000₹ 2,90,000 Depreciation is charged on machinery at 20% p.a. by the…
Solution of Question number 32 Depreciation TS Grewal class 11 ISC 2023-24? The following information relates to Tit-Bit & Company’s Machinery Account: Balance of Machinery Account as on 1st April, 2022Machinery purchased on 1st October, 2022 6,00,0002,50,000 On 1st January,…
Solution of Question number 31 Depreciation TS Grewal class 11 ISC 2023-24? A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000. If further purchased machinery on 1st January, 2021 costing ₹…
Solution of Question number 30 Depreciation TS Grewal class 11 ISC 2023-24? M/s P & Q purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the diminishing balance. On 31st January, 2023, one-fourth…
Solution of Question number 29 Depreciation TS Grewal class 11 ISC 2023-24? Astha Engineering Works purchased a machine on 1st July, 2019 for ₹ 1,80,000 and spent ₹ 20,000 on its installation. On 1st April, 2020, it purchased another machine…
Solution of Question number 28 Depreciation TS Grewal class 11 ISC 2023-24? On 1st January, 2019, Ajit Transport Company purchased a truck for ₹ 4,00,000. On 1st July, 2020, this truck was involved in an accident and was destroyed and…
Solution of Question number 27 Depreciation TS Grewal class 11 ISC 2023-24? A company purchased machinery for ₹ 50,000 on 1st October, 2020. Another machine costing ₹ 10,000 was purchased on 1st December, 2021. On 31st March, 2023, the machinery…
Solution of Question number 26 Depreciation TS Grewal class 11 ISC 2023-24? A Ltd. purchased the following machines: On 1st April, 2020On 1st October, 2020On 1st January, 2021 ₹ 40,000₹ 20,000₹ 10,000 Depreciation was provided @ 10% p.a. under Written…
Solution of Question number 25 Depreciation TS Grewal class 11 ISC 2023-24? A company had purchased machinery for ₹ 1,00,000 including a boiler of ₹ 10,000. This Machinery Account for the first four years was credited for depreciation on the…
