[ISC] Q 35 Solution Depreciation TS Grewal Class 11 (2023-24)

Solution of Question number 35 Depreciation TS Grewal class 11 ISC 2023-24?

On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000. On 1st January, 2022 a new plant was purchased for ₹ 3,00,000. Depreciation is provided @ 10% p.a. by Diminishing Balance Method. The books are closed on 31st March every year. Prepare Plant Account and Provision for Depreciation Account for the relevant years.

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