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Commerce · Q848

Accounting

Graduate and Post Graduate · Commerce · question 848

Q848

The value of plant and machinery as on 1st January, 2005 was Rs. 80,000/- and its value as on 31th December 2005 was Rs. 1,20,000/-. During the year Rs. 10,000/ was written off as depreciation. This will result in

A.
Sources of funds Rs. 30,000/-
B.
Utilization of funds Rs. 50,000/-
Answer
C.
Utilization of funds Rs. 40,000/-
D.
Sources of funds Rs. 50,000/-

Answer: Option B

Solution

Answer: Option B
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