[ISC] Q 37 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 37 Depreciation TS Grewal class 11 ISC 2022-23?

Following balances exist in the books of Amrit as on 1st April, 2019:

2019
1st April
Machinery A/c
Provision for Depreciation A/c
60,000
36,000

On 1st April, 2019, they sold a machinery for ₹ 8,400 which was purchased on 1st April, 2015 for ₹ 16,000.

You are required to prepare the Machinery A/c, Provision for Depreciation A/c and Machinery Disposal A/c for the year ended 31st March, 2020. Depreciation was charged at 10% on Cost following SLM.

Solution:-

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