Question

SLI:
VLCC Ltd. has Rs.3,50,000 net income for the quarter ended 31-12-2019 , which includes Rs.30,000 provision for
bad and doubtful debts. Out of this Rs.20,000 provision relates to second quarter due to wrong estimate in the
second quarter. What is the profit for the quarter ended 31-12-2019 as per the Accounting Standard - 25?
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Answer 1

Answer:

300000

Explanation:

is this a right answer. please know me