Advertisements
Advertisements
Question
On the reconstitution of a firm, the value of land was to be appreciated by ₹ 2,00,000 and plant and machinery was to be reduced to ₹ 7,00,000 from ₹ 10,00,000. Gain or Loss on revaluation will be:
Options
Gain ₹ 1,00,000
Loss ₹ 1,00,000
Loss ₹ 5,00,000
Gain ₹ 5,00,000
MCQ
Solution
Loss ₹ 1,00,000
Explanation:
| Amount Reduced of Plant & Machinery = | ₹ 3,00,000 |
| Amount Appreciated of Fund = | ₹ 2,00,000 |
| Loss = | ₹ 1,00,000 |
shaalaa.com
Is there an error in this question or solution?
