Question

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​

Answer 1

Answer:

A

Explanation:

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