alleryStart learning →Unrecognised loss share is Rs 30,000. The investor's share of the next profit is Rs 50,000. Profit recognised?
ARs 20,000
BRs 30,000
CRs 50,000
DRs 80,000
Answer & Solution
Correct answer: A. Rs 20,000
The first Rs 30,000 of profit share only makes good the missed losses, so Rs 20,000 is recognised.
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