Accounting Mcqs


Q.  A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car?

a. 20,000 Loss
b. 20,000 Profit
c. 10,000 Loss
d. 10,000 Profit


ANSWER: See Answer
 
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