AS 7 ISM MCQ

Accountancy

Expenses for the year should be recorded till the extent of cost incurred for the year Then the answer to Q. 2 should be a. 30L But the book states 36L Why?

Hamna KSMB

CA Inter

★ 6K+

30-Apr-24 10:41

424

Answers (1)

Best Answer

Cost incurred + expected losses - current year loss 30+ 8- 2 = 36 lakhs

DHIVYAA DAMODARAN

CA Inter

★ 60

30-Apr-24 12:59