[ISC] Q 12 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 12 Depreciation TS Grewal class 11 ISC 2022-23?

M/s Sharad Bros. purchased machinery on 1st April, 2016 for ₹ 50,000. On 1st October, 2017, additions were made of ₹ 10,000. On 1st July, 2018, further addition was made of ₹ 6,400. On 30th September, 2019, machinery the original value of which was ₹ 8,000 on 1st April, 2016, 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, 2020.

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