Q Limited sold plant
WDV of which was
RX 50 lakhs for Rs 49
lakhs to R Limited. The
same plant was lease
back to Q Limited by R
Limited for 10 years
resulting in finance
lease. What should be
the treatment of Profit
Loss in the books of
seller lessee (Q
Limited)?
7 Lakhs profit should be
rediately recognized
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Explanation:
FEMALE TO SHOW. fca-qrcf-phy
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sorry I don't know the answer
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