[ISC] Q 11 Solution Depreciation TS Grewal Class 11 (2023-24)

Solution of Question number 11 Depreciation TS Grewal class 11 ISC 2023-24?

M/s Sharad Bros. purchased machinery on 1st April, 2019 for ₹ 50,000. On 1st October, 2020, additions were made of ₹ 10,000. On 1st July, 2021, further addition was made of ₹ 6,400. On 30th September, 2022, machinery the original value of which was ₹ 8,000 on 1st April, 2019, was sold for ₹ 6,000. Depreciation is charged @ 10% p.a. on the original cost.

Prepare the Machinery Account for four years ending 31st March, 2023.

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