For Ram Industries, the balance of property has beenRs 20,000 and Rs 17,000 in 2018 and 2019 respectively. The profit on sale of property of Rs 2000 is credited to Capital Reserves Account. New property costing Rs 5000 bought in 2019. Determine sale proceeds forproperty.
A) Rs. 3,000
B) Rs. 10,000
C) Rs. 7,000
D) Rs. 15,000
Correct Answer:
Verified
Q13: Among the following items, which represents the
Q14: Fund Flow Statement is also known as:
A)Statement
Q15: Which of the following statements is true?
1)
Q16: Which of the following are treated as
Q17: The balance of fixed assets of Breej
Q19: For Meghal Industries Ltd. opening balance for
Q20: Which of the following are Non-current Assets?
A)Land,
Q21: Which of the following are Current Liabilities?
A)Sundry
Q22: When a part of the Fixed Assets
Q23: The Funds Flow and Cash Flow statements
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