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Entrance fees received amounted to Rs.50,000. In this 25% is to be capitalized. Mention the amount to be shown

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Entrance fees received amounted to Rs.50,000. In this 25% is to be capitalized. Mention the amount to be shown in income side of Income and Expenditure account:

A.12,500
B.13,200
C.50,000
D. 37,500

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D. 37,500

 

correct option is D

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