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 X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rd of his time for the building construction. The capitalized cost of office building was:
  • a)
    Rs. 10,00,000
  • b)
    Rs. 11,10,000
  • c)
    Rs. 10,90,000
  • d)
    Rs.10,70,000
Correct answer is option 'D'. Can you explain this answer?

Answers

= 1000000+50000-20000+ 2/3 of 60000 = 1000000+50000-20000+40000 = 1070000 ans. D is correct

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X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice X limited spent Rs. 10,00,000 towards construction of office building. It also spent Rs. 50,000 towards construction of temporary store and used the store for building construction purpose. On completion of building construction the store was dismantled and the materials were sold for Rs. 20,000. Mr. A, a supervisor was paid Rs. 60,000 as his salary during the period of construction and he devoted 2/3rdof his time for the building construction. The capitalized cost of office building was:a)Rs. 10,00,000b)Rs. 11,10,000c)Rs. 10,90,000d)Rs.10,70,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
= 1000000+50000-20000+ 2/3 of 60000 = 1000000+50000-20000+40000 = 1070000 ans. D is correct