15. On January 01, 2011, Satkar Transport Ltd., purchased 3 buses for ₹10,00,000 each. On July 01, 2013, one bus was involved in an accident and was completely destroyed and 7,00,000 were received from the Insurance Company in full settlement. Depreciation is written off @15% p.a. on diminishing balance method. Prepare bus account from 2011 to 2014. Books are closed on December 31 every year.

NCERT/Rationalised 2023-24/Numerical Questions/Q-15

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