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Solution of Q 23 Depreciation TS Grewal Class 11 (2023-24) CBSE

Question 23 of 27Chapter 15Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 23, Chapter 15 Depreciation, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 23

On 1st October, 2020, Rahul Traders purchased a machine for ₹ 25,000 and spent ₹ 5,000 for carriage and freight; ₹ 1,000 for brokerage of the middle-man, ₹ 4,000 for installation. The machine is depreciated @ 10% p.a. on written down value basis. On 31st March, 2023, the machine was sold to Deepa for ₹ 30,500 and ₹ 500 was paid as commission to broker through whom the sales was effected. Find out the profit or loss on sale of machine if accounts are closed on 31st March, every year.

TS Grewal Class 11 Depreciation Question 23

Solution

Solution of Q 23 Depreciation TS Grewal 2023-24
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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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