Question
A horse and cow were sold for Rs.12000 each. The horse was sold at a loss of 20% and the cow at a gain of
A horse and cow were sold for Rs.12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in :
a. No loss or gainb. Loss of Rs.1000
c. Gain of Rs.1000d. Gain of Rs.2000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
