If it is mentioned in the question that investments are sold at 90% of cost, then the profit/loss on such sale would be calculated on cost or face value of such investments?
Gunjan agnani (kanpur) (74 Points)
30 September 2017If it is mentioned in the question that investments are sold at 90% of cost, then the profit/loss on such sale would be calculated on cost or face value of such investments?
ReachISO
(Business)
(77 Points)
Replied 06 October 2017
It depends on the amount that you inevest on your business.
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