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Solution of Q 7 Depreciation TS Grewal Class 11 (2023-24) CBSE

Question 7 of 27Chapter 15Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 7, Chapter 15 Depreciation, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 7

From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2023: 1st April, 2022: Purchased a 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 renewal of machinery ₹ 3,000. 31st March, 2023: Depreciate the machinery at 10% p.a.

TS Grewal Class 11 Depreciation Question 7

Solution

Solution of Q 7 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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