Question
The written down value of Machinery is ₹ 12,00,000.
The original cost of the Machinery is ₹ 20,00,000. It is sold for ₹ 24,00,000 during the year 2022-23. The result is:Solution
Amount over and above the original cost of the asset i.e. 400,000 will be capital profit and the amount up to which depreciation is charged in P&L will be revenue in nature i.e., 8,00,000.
One who knows everything
A strongbox or small chest for holding valuables.
Select the correct Antonym of the given word.
adversary
Swindle
Find the word with the appropriate similar meaning of the word in Italic from the options given:
His jovial demeanor brightened up the room.
Select the most appropriate synonym of the given word.
Affliction
Select the most appropriate ANTONYM of the given word.
Native
Choose the word that means the same as the given word.
Obligation
One who always looks at the brighter side
Select the most appropriate meaning of the given idiom
Once in a blue moon
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