[CBSE] Q 13 Depreciation Solutions TS Grewal Class 11 (2023-24)
Are you looking for a solution of Question number 13 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2023-24 Session.
On 1st July, 2019, OM Ltd. purchases second-hand machinery for ₹ 20,000 and spends ₹ 3,000 on reconditioning and installing it. On 1st January, 2020, the firm purchases new machinery worth ₹ 12,000. On 30th June, 2021, the machinery purchased on 1st January, 2020, was sold for ₹ 8,000 and on 1st July, 2021, a fresh plant was installed.
Payments for this plant was to be made as follows:
| 1st July, 2021 | ₹ 5,000 |
| 30th June, 2022 | ₹ 6,000 |
| 30th June, 2023 | ₹ 5,500 |
Payments in 2022 and 2023 include interest of ₹ 1,000 and ₹ 500 respectively.
The company writes off 10% p.a. on the original cost. The accounts are closed every year on 31st March. Show the Machinery Account for the year ended 31st March, 2022.
[Balance in Machinery A/c – ₹ 30,550.]
Solution:-
Following is the list of all solutions of the depreciation chapter of ts Grewal CBSE for the 2023-24 session.
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
