Q1030
On 1st January, 2005 the plant and machinery was valued at Rs. 80,000 and on 31st December, 2005 it was valued at Rs. 1,20,000. Rs. 10,000 was written off as depreciation during the year. This will result in:
A.
Source of Funds Rs. 30,000
B.
Application of funds Rs. 50,000
AnswerC.
Application of funds Rs. 40,000
D.
Source of fund Rs. 50,000
Answer: Option B
Solution
Answer: Option B
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