T S Grewal 11th – Depreciation 30
30. From the books of Harish Traders following information as on 1st April, 2024 is extracted: Plant and Machinery Account ₹ 25,00,000 Provision for Depreciation Account ₹ 5,80,000 Depreciation is charged on the plant at 20% p.a. by the Diminishing Balance Method. A piece of machinery purchased on 1st April, 2022 for ₹ 5,00,000 was … Read more