A Plant of Rs.3, 000 was sold for Rs.4, 200. Depreciation provision to date was Rs.400 and
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A Plant of Rs.3, 000 was sold for Rs.4, 200. Depreciation provision to date was Rs.400 and commission paid to selling agent was Rs.350 and labour charges paid for removing the plant was Rs.100 Profit on sale of plant will be:
(a) Rs.1,200
(b) Rs.1,000
(c) Rs.1,150
(d) None of these
Expert Answer:
Related Book For 
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
