alleryStart learning →A 30% associate sold goods to the investor at Rs 50,000 profit, still unsold. Elimination?
ARs 15,000
BRs 50,000
CRs 35,000
DRs 30,000
Answer & Solution
Correct answer: A. Rs 15,000
Only the investor's 30% interest in the unrealised Rs 50,000 profit is eliminated, which is Rs 15,000.
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