Hari Ltd.is in the business of manufacturing electronics equipment and selling these at its various outlets. It provides installation services for…
CA Intermediate · Advanced Accounting · MTP · January 2026
Hari Ltd.is in the business of manufacturing electronics equipment and selling these at its various outlets. It provides installation services for the equipment sold and also provide free 1 year warranty on all the sold products. Beach Resorts are leading resorts in the city. It purchased 5 air conditioners (AC) from Hari Ltd. for its resort. Hari Ltd. sold 5 AC to Beach resort for 45,000 each which includes installation fees of 1,000 for each AC. The Company also offers 1 year warranty for any repair, etc. The Company offered 500 per AC as trade discount. Beach resort placed order on March 15, 2025 and made payment on March 20, 2025. The ACs were delivered on March 27, 2025 and the installation was completed on April 5, 2025. Based on the information given in above Case Scenario, answer the following Question No. 6-9
Suggested Answer and Working Notes:
Correct Answer: Option (B)
2,17,500
Topics: AS 2, AS 29, AS 13
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