[ISC] Q 26 Solution Depreciation TS Grewal Class 11 (2023-24)
Solution of Question number 26 Depreciation TS Grewal class 11 ISC 2023-24?
A Ltd. purchased the following machines:
| On 1st April, 2020 On 1st October, 2020 On 1st January, 2021 | ₹ 40,000 ₹ 20,000 ₹ 10,000 |
Depreciation was provided @ 10% p.a. under Written Down Value Method (Diminishing Balance Method). The machine purchased on 1st October, 2020 was sold on 30th June, 2021 at ₹ 15,000.
Show necessary Ledger Account in the books of A Ltd. if accounts are closed on 31st March every year.
Solution:-
