[CBSE] Q 8 Depreciation Solutions TS Grewal Class 11 (2022-23)

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Are you looking for a solution of Question number 8 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2022-23 Session.

On 1st April, 2018, Star Ltd. purchased 5 Machines for ₹ 60,000 each. On 1st April, 2020, one of the machine was sold at a loss of ₹ 8,000. On 1st July, 2021, second machine was sold at a loss of ₹ 12,500. A new machine was purchased for ₹ 1,00,000 on 1st October, 2021.

Prepare Machinery Account for 4 years, assuming accounts are closed on 31st March, each year and depreciation is charged @ 10% per annum as per Straight Line Method.

[Depreciation: 2018 – 19 – ₹ 30,000; 2019 – 20 – ₹ 30,000; 2021-21 – ₹ 24,000; 2021-22 – ₹ 24,500; Sale Proceeds from 1st Machinery – ₹ 40,000; Sale Proceeds from 2nd Machinery – ₹ 28,000. Balance of Machinery A/c as on 1st April, 2022 – ₹ 2,03,000.]

Solution:-

Following is the list of all solutions of depreciation chapter of ts Grewal CBSE for the 2022-23 session.

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
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