alleryStart learning →At historical cost: cost Rs 1,00,000, market Rs 1,20,000, sold Rs 1,15,000. Gain?
ARs 15,000
BRs 20,000
CRs 5,000
DRs 35,000
Answer & Solution
Correct answer: A. Rs 15,000
The rise to 1,20,000 is ignored, and the sale at 1,15,000 against the 1,00,000 cost gives a gain of Rs 15,000 in the year of sale.
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