Mukesh sold goods to Suresh at an invoice price of Rs. 6,00,000 at cost plus 25%. 1/4th of the goods are lost in transit. Insurance claim of Rs.72,000 is received. What is the amount of abnormal loss to be debited to P & L a/c? a) Rs.1,20,000 b) Rs.48,000 c) Rs.72,000 d) Rs.1,50,000
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sami318:
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