alleryStart learning →Rs 3 lakh grant, 5-year asset, SLM. Deferred income balance after 2 years?
ARs 1,20,000
BRs 60,000
CRs 2,40,000
DRs 1,80,000
Answer & Solution
Correct answer: D. Rs 1,80,000
Two years release 1,20,000 of the 3,00,000 grant, leaving a deferred balance of 1,80,000.
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