A. 20,000 Loss
B. 20,000 Profit
C. 10,000 Loss
D. 10,000 Profit
- Accounting Mcqs
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Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.
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PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION.
purchase = 200,000 40,000 * 10%
sold = 160,000
total years = 5
bv = 160,000
sell = 140,000
loss = 20,000