On Arti’s retirement, stock appeared in the books of the firm at Rs.160000 and Machinery
at Rs.500000. On revaluation, it was found that stock is undervalued by 20% and
machinery is overvalued by 25%. There were bad debt amounting to Rs.10000. Loss on
revaluation will be
(a) Rs.78000 (b) Rs.103000 (c) Rs.95000 (d) Rs.70000
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Answer:
A
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