Capital profit is profit

Q30.Capital profit is profit

(1) Sale of fixed asset
(2) Profit & Loss A/c of Business
(3) None of these
(4) Sale of goods

Answer

Sale of fixed asset

Related Questions on Theory Base of Accounting

Q31.Which of the following is not a tangible asset ?

(1) Goodwill
(2) Motor Car
(3) Building
(4) Stock

Answer

Goodwill

Q32.Building A/c is related to

(1) Real A/c
(2) Personal A/c
(3) None of these
(4) Nominal A/c

Answer

Real A/c

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