Question: I just need text explanation for right answer 820 A truck was purchased for Rs.8 lac with expected life of 8 years. At the end

I just need text explanation for right answer 820 A truck

I just need text explanation for right answer 820 A truck was purchased for Rs.8 lac with expected life of 8 years. At the end of 5th year it was sold for Rs.312000. What is the profit or loss on sale of this vehicle. A. profit Rs.10000 B. loss Rs. 10000 C. profit Rs.12000 D. loss Rs.10000 822 A cheque of Rs.540 deposited with the bank was entered twice in the cash book. Bank paid a subscription of Rs.200. The balance in the pass book is Rs.23400. What will be the balance as per cash book? A. 23200 B. 23600 C. 24140 D. 23740

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