Accounting MCQs 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 written down value method, find the profit or loss on sale of the Second hand car?
  • A A. Loss of 20,000
  • B B. Loss of 22,000
  • C C. Loss of 11,000
  • D D. Profit of 11,000
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