alleryStart learning →Profit from ordinary activities is Rs 5,00,000 and an extraordinary earthquake loss is Rs 80,000. Net profit?
ARs 5,80,000
BRs 4,20,000
CRs 5,00,000
DRs 4,00,000
Answer & Solution
Correct answer: B. Rs 4,20,000
Extraordinary items are part of net profit, so 5,00,000 less 80,000 leaves Rs 4,20,000.
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