alleryStart learning →Rs 8 lakh grant on land, no obligations, deferred income method. Capital reserve credit?
ARs 4,00,000
BRs 1,60,000
CRs 80,000
DRs 8,00,000
Answer & Solution
Correct answer: D. Rs 8,00,000
Land is non-depreciable, so the full 8,00,000 grant is credited to capital reserve.
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