ABC Pvt. Ltd. has a business loss of ₹ 10 lakh. There is unexplained share application money to the tune of ₹ 25 lakh. The total income of the company will be :
A. ₹ 15 lakh
B. ₹ 35 lakh
C. ₹ 25 lakh
D. None of the above
Answer:C
ABC Pvt. Ltd. has a business loss of ₹ 10 lakh. There is unexplained share application money to the tune of ₹ 25 lakh. The total income of the company will be :
A. ₹ 15 lakh B. ₹ 35 lakh C. ₹ 25 lakh D. None of the above