Accountancy class 11 Class 11 Notes | EduRev

Class 11 : Accountancy class 11 Class 11 Notes | EduRev

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 R ltd purchased 500 sq.mt. land for Rs 1.5 crore to build a factory. At the end of the year the market value of land was Rs 1.35 crores. R Ltd treated Rs 15 lakh as loss and recorded the land at Rs 1.35 crores. Is it a correct treatment?



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