[ISC] Q 26 Solution Depreciation TS Grewal Class 11 (2023-24)

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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.


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