alleryStart learning →Receivable 80 lakh, payable 50 lakh, offset allowed. Shown?
AGross 80 lakh and 50 lakh
BReceivable of Rs 130 lakh
CNet payable Rs 30 lakh
DNet receivable Rs 30 lakh
Answer & Solution
Correct answer: D. Net receivable Rs 30 lakh
Both offsetting conditions are met, so only the net amount of 80 minus 50, that is Rs 30 lakh, is presented.
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