Solution of Q 22 Depreciation TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 22, Chapter 15 Depreciation, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 22
Gurman & Co. purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the Diminishing Balance. On 31st January, 2023, one-fourth of the machinery was found unsuitable and disposed off for ₹ 5,600. On the same date, new machinery at a cost of ₹ 15,000 was purchased. Write up the Machinery Account for the years ended 31st March, 2021, 2022 and 2023. Accounts are closed on 31st March each year.

Solution




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About this solution
This is Chapter 15 Depreciation of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.


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