[ISC] Q 29, 30 Solution Depreciation TS Grewal Class 11 (2026-27)

Solution of Question number 29 and 30 Depreciation TS Grewal class 11 ISC 2026-27.

Q. 29. A firm purchased machinery for 50,000 on 1st October, 2023. Another machine costing 10,000 was
purchased on 1st December, 2024. On 31st March, 2026, the machinery purchased in 2023 was sold at a
loss of * 5,000. The company charges depreciation @ 15% p.a. by Diminishing Balance Method. Accounts
are closed on 31st March every year.

Prepare Machinery Account for the first three years ending 31st March, 2026.

Solution:-

Q. 30. On 1st January, 2022, Ajit Transport Company purchased a truck for4,00,000. On 1st July, 2023, this truck met with an accident and was destroyed and ₹ 3,00,000 were received from the Insurance Company in settlement.

On the same date another truck was purchased by the company for 5,00,000. The company
writes off depreciation @ 20% per annum by Written Down Value Method.

Prepare Truck Account for the first three years ending 31st March.

Solution:-