M/s Gagan Cycle Ltd. (a) The accounts of M/s. Gagan Cycle Ltd. show a profit of

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M/s Gagan Cycle Ltd. …

(a) The accounts of M/s. Gagan Cycle Ltd. show a profit of ₹88,000 for the year. This includes an amount of ₹25,000 relating to an order just received. Based on this information, what will be the profit?

(b) The corrected profit would be ₹________ because we should apply the ___________ concept.

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 23, 2023 06:51 AM

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M/s Gagan Cycle Ltd. (a) The accounts of M/s. Gagan Cycle Ltd. show a profit of

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a The profit figure mentioned in the accounts includes an a...View the full answer

Financial Accounting For Management

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