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.
What does a solstice represent?
Consider the following statements regarding Brahmaputra river:
1. It is known as Yarlung in China.
2. It originates from the Kailash range...
Which of the following statements about rainfall in India is/are correct?
1. Most of the rainfall in India is due to the South-West monsoon
...In which of the following region midnight Sun is visible?
Machkund Hydroelectric Project is a joint venture of which states?
Consider the following statements regarding International borders:
1. Mizoram and Nagaland share a border with Myanmar only.
2. Sikkim is ...
The Strait of Hormuz connects the Persian Gulf with which other body of water?
The "Great Barrier Reef" is located off the coast of which country?
‘Palk Strait’ is a narrow channel of sea between-
Which of the following wetlands are designated as Ramsar sites in India?
(a) Chilka Lake
(b) Loktak
(c) Keoladeo
(d)...
Relevant for Exams:
