[ISC] Q 23 Solution Depreciation TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 23 Depreciation TS Grewal class 11 ISC 2022-23?
Babu purchased on 1st April, 2018, a machine for ₹ 6,000. On 1st October, 2018, he also purchased another machine for ₹ 5,000. On 1st October, 2019, he sold the machine purchased on 1st April, 2018 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, 2019 and 2020.
Solution:-
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