Goods costing Rs 10.000 sold for Rs 14,000, in this transaction what amount is treated as Revenue and what amount is treated as Income?
(a) Revenue Rs 14.000 & Income Rs 4.000.
(b) Revenue Rs 10,000 & Income Rs 14,000.
(c) Revenue Rs 24.000 & Income Rs 4.000.
(d) Revenue Rs 14.000 & Income Rs 10,000.
Answers
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Answer:
a) Revenue Rs. 14,000 & Income Rs. 4,000
Explanation:
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Answer: (d) Revenue Rs 14.000 & Income Rs 10,000.
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