[ISC] Q 7 Solution Depreciation TS Grewal Class 11 (2023-24)

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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, 2022Purchased second-hand machinery for ₹ 40,000.
1st April, 2022Spent ₹ 10,000 on repairs for making it serviceable.
30th September, 2022Purchased additional new machinery for ₹ 20,000.
31st December, 2022Repairs and renewals of machinery ₹ 3,000.
31st March, 2023Depreciate the machinery at 10% p.a.


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