[ISC] Q 17 Solution Depreciation TS Grewal Class 11 (2023-24)
Solution of Question number 17 Depreciation TS Grewal class 11 ISC 2023-24?
Following balances exist in the books of Rama Bros.:
| 1st April, 2022 | Machinery Account Provision for Depreciation Account | 80,000 36,000 |
On 1st April, 2022, they sold a machine for ₹ 8,700. This machine was purchased for ₹ 16,000 in April, 2018. You are required to prepare Provision for Depreciation Account and Machinery Account on 31st March, 2023, the depreciation being charged @ 10% p.a. by Straight Line Method.
Solution:-
