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    5. Profit on sale of old plant is shown –

    Question

    Profit on sale of old plant is shown

    –
    A In trading A/c Correct Answer Incorrect Answer
    B In profit and loss appropriation A/c Correct Answer Incorrect Answer
    C Profit and loss A/c Correct Answer Incorrect Answer
    D Being a non operating item ignored Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
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    Relevant for Exams:

    • UPSC EO/AO

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