What is the value of a property worth Rs. 100,000, Rs. 60,000 if shown in the insurance policy, Rs. 40,000 in case of loss?
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Answer :
[Loss on Sale of Machinery - Rs 75,750; Balance of Machinery A/c on 1st April, 2019 - Rs 2,67,500.]
Text Solution
Answer :
[Loss on Sale of Machinery - Rs 75,750; Balance of Machinery A/c on 1st April, 2019 - Rs 2,67,500.]
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