CA CPT Model Test Paper 7 with solutions for online practice

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Question : 50 of 200

Marks: +1, -0

If provision for repairs and renewals a/c is maintained, Profit and Loss a/c will be Debited by:

Actual Expenses of Repairs & Renewals
Average of Repairs & Renewals Expenses during the life of fixed assets.
(a) or (b) whichever is Higher
(a) or (b) whichever is Lower

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