Are you looking for the solution of Question number 7 Depreciation TS Grewal class 11 ISC 2023-24?
From the following transactions of a firm, prepare Machinery Account for the year ended 31st March, 2023:
|1st April, 2022||Purchased second-hand machinery for ₹ 40,000.|
|1st April, 2022||Spent ₹ 10,000 on repairs for making it serviceable.|
|30th September, 2022||Purchased additional new machinery for ₹ 20,000.|
|31st December, 2022||Repairs and renewals of machinery ₹ 3,000.|
|31st March, 2023||Depreciate the machinery at 10% p.a.|