Management Accounting Test Questions

Q.  The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.

a. Rs 1,04,500
b. Rs 1,40,500
c. Rs 1,64,500
d. None of the above

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