Practice Test




Solutions


Correct Option :- D



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SIMILAR QUESTIONS

X purchased a car for Rs.4,00,000 making a down payment of Rs.50,000 & signing a Rs.3,50,000 bill payable due in 60 days. As a result of this transaction

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consider the following data pertaining to X ltd . Particulars :- cost of machinery purchased on 1st April 2006 Rs.1,00,000 ; Installation charges Rs.10,000 ; market value as on 31st March 2006 1,20,000. while finalizing the final accounts, if the company values the machinery at Rs.1,20,000 Which of the following concept is violated by the X ltd

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Cost

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PRACTICE OTHER SUBJECTS ALSO

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