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Installment method: profit Rs 2,00,000, 45% collected. Profit recognized?

ARs 45,000
BRs 90,000
CRs 1,10,000
DRs 2,00,000
Answer & Solution
Correct answer: B. Rs 90,000
Profit follows cash collected, and 45 percent of Rs 2,00,000 is Rs 90,000.
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