2. Sample Papers
  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-1

  • question_answer
    Mention the net amount of 'source' or 'use' of cash when a fixed asset (having book value Rs. 1,20,000) is sold at a loss of Rs. 40,000.

    Answer:

    Source of Cash = 120,000 - 40,000 = Rs. 80,000


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