[ISC] Q 23, 24 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 23 and 24 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 23. Babu purchased on 1st April, 2024, a machine for ₹ 6,000. On 1st October, 2024, he also purchased another machine for ₹ 5,000. On 1st October, 2025, he sold the machine purchased on 1st April, 2024 for ₹ 4,000.
Depreciation is charged @ 10% p.a. following Diminishing Balance Method.
The accounts were closed on 31st March every year, prepare Machinery Account for the years ended 31st March, 2025 and 2026.
Solution:-
Q. 24. Sanjeev Enterprise purchased a machinery for ₹ 50,000 on 1st April, 2022 Additional machinery was acquired for ₹ 10,000 on 1st October, 2023. An item of machinery purchased for ₹ 10,000 on 1st April, 2022 was sold for ₹ 5,000 on 31st July, 2025.
Prepare the Machinery Account for 4 years ending 31st March, 2026, write off depreciation @ 10% p.a. by Written Down Value Method.
Solution:-
