alleryStart learning →Revenue grant refund Rs 2 lakh; unamortised deferred credit Rs 1.5 lakh. P and L charge?
ARs 2,00,000
BRs 50,000
CRs 3,50,000
DRs 1,50,000
Answer & Solution
Correct answer: B. Rs 50,000
The deferred credit of 1,50,000 absorbs part of the refund and the excess of 50,000 is charged to profit and loss.
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