alleryStart learning →A 30% associate sells goods to the investor at Rs 60,000 profit, all unsold. Profit eliminated?
ARs 60,000
BRs 42,000
CRs 18,000
DRs 30,000
Answer & Solution
Correct answer: C. Rs 18,000
The investor eliminates its own share of the gain, which is 30 per cent of 60,000, or 18,000.
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