| (i) | Overvaluation of closing stock in 2018-19 is Rs.10,000 | (a) | 2,52,500 |
| (ii) | Undervaluation of closing stock in 2018-19 is Rs.10,000 but in 2019-20 it is correctly recorded | (b) | 2,48,750 |
| (iii) | Abnormal gain included in 2019-20 is Rs.10,000 | (c) | 2,47,500 |
| (iv) | Sale of furniture (book value 10,000) 15,000 in the year 2019-20 | (d) | 2,50,000 |
A) (i)-b; (ii)-c; (iii)-a; (iv)-d
B) (i)-b; (ii)-c; (iii)-d; (iv)-a
C) (i)-d; (ii)-a; (iii)-c; (iv)-b
D) (i)-a; (ii)-d; (iii)-b; (iv)-c
Correct Answer: C
Solution :
(i)-d; (ii)-a; (iii)-c; (iv)-b
You need to login to perform this action.
You will be redirected in
3 sec
