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Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Question 11: An amount of ₹ 2,50,000 was spent towards advertisement …

Question 11

+1 markOne correct option

An amount of ₹ 2,50,000 was spent towards advertisement and sales promotion activities. The payment was made through cheque. The amount was decided to be amortized over a period of 5 years. What would be the amortization expense for the first year and the unamortized amount in the balance sheet at the end of the first year

  1. A

    Amortized amount ₹ 1,00,000 and unamortized amount ₹ 1,50,000

  2. B

    Amortized amount ₹ 50,000 and unamortized amount ₹ 2,00,000

  3. C

    Amortized amount ₹ 2,00,000 and unamortized amount ₹ 50,000

  4. D

    Amortized amount ₹ 100,000 and unamortized amount ₹ 50,000

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Correct answer

  • B

    Amortized amount ₹ 50,000 and unamortized amount ₹ 2,00,000

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Question 11 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 1 mark.

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