alleryStart learning →Building 25% complete; expected total profit Rs 8 lakh. Profit to recognise?
ARs 1 lakh
BRs 4 lakh
CRs 6 lakh
DRs 2 lakh
Answer & Solution
Correct answer: D. Rs 2 lakh
A quarter of the expected profit is recognised, so 25% of Rs 8 lakh is Rs 2 lakh.
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