[CBSE] Q 7 Depreciation Solutions TS Grewal Class 11 (2023-24)
Are you looking for a solution of Question number 7 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2023-24 Session.
From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2023:
| 1st April, 2022 | Purchased a second-hand machinery for ₹ 40,000. |
| 1st April, 2022 | Spent ₹ 10,000 on repairs for making it serviceabale. |
| 30th September, 2022 | Purchased additional new machinery for ₹ 20,000. |
| 31st Decemeber, 2022 | Repairs and renewal of machinery ₹ 3,000. |
| 31st March, 2023 | Depreciate the machinery at 10% p.a. |
[Balance of Machinery A/c on 1st April, 2023 – ₹ 64,000.]
[Hint: The amount spent on repairs and renewal of machinery ₹ 3,000 on 31st December, 2022 is of revenue nature and not of capital nature and hence, not debited to the Machinery Account.]
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 |
