Question

The excess of the carrying amount of an asset over its recoverable amount is known as ________ and is recognised as ________.

A Depreciation; an expense in the Profit and Loss Account
B Revaluation surplus; Capital reserve in Balance Sheet
C Impairment loss; an expense in the Profit and Loss Account
D Capital loss; Capital reserve in Balance Sheet
E Amortization; accrued expenses in Balance Sheet
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RBI Grade B 2026 Phase 1 Memory Based Paper
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