alleryStart learning →Share of profit Rs 10,00,000; Rs 8,00,000 of earlier losses unrecognised. Profit recognised?
ARs 10,00,000
BRs 18,00,000
CRs 8,00,000
DRs 2,00,000
Answer & Solution
Correct answer: D. Rs 2,00,000
Recognition resumes only after profit equals the 8,00,000 of unrecognised losses, so 10,00,000 less 8,00,000 leaves 2,00,000.
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