1.

S.V.C instruction Ltd has obtained a contract for the construction of a bridge. Following information is shown in their books.Plant purchased Rs.60,000Wages paid Rs.3,40,000Material issued Rs.3,32,000Site expenses Rs.9,200General expenses Rs.32,000Wages accured Rs.2,800Work uncertified Rs.14,000Cash received being 80% of work certified Rs.6,00,000 Life of plant is five years. Ascertain the amount to be transferred to Profit and Loss Account? a) Rs.19,200 b) Rs.9,600 c) Rs.22,187 d) NIL

Answer»

Correct option: b) RS 19,200



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