alleryStart learning →Sale price Rs 46 lakh, carrying amount Rs 40 lakh, selling cost Rs 1 lakh. Net gain?
ARs 6 lakh
BRs 7 lakh
CRs 4 lakh
DRs 5 lakh
Answer & Solution
Correct answer: D. Rs 5 lakh
Disposal gains are shown net of carrying amount and selling expenses: 46 - 40 - 1 = Rs 5 lakh.
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