[ISC] Q 7 Solution Depreciation TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 7 Depreciation TS Grewal class 11 ISC 2022-23?
On 1st April, 2016, A Ltd. purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its installation. On 1st October, 2016, another machinery costing ₹ 1,00,000 was purchased. On 1st October, 2018 the machine purchased on 1st April, 2016 was sold for ₹ 1,43,000 and on the same date, a new machine was purchased at a cost of ₹ 2,00,000.
Show Machinery Account for the first four financial years after charging depreciation @ 5% p.a. by the Straight Line Method.
Solution:-
Below is the list of all the Practical problems
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