alleryStart learning →A free govt loan of Rs 10,00,000 has initial carrying value Rs 8,50,000. Grant benefit?
ARs 1,50,000
BRs 8,50,000
CRs 10,00,000
DRs 18,50,000
Answer & Solution
Correct answer: A. Rs 1,50,000
The benefit is proceeds received less the initial carrying value: 10,00,000 minus 8,50,000 equals 1,50,000.
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