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प्रश्न
What is capital profit?
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उत्तर
Capital profit is the profit which arises not from the normal course of the business. Profit on sale of fixed assets is an example of capital profit.
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संबंधित प्रश्न
Choose the following item into capital and revenue.
Registration expenses incurred for the purchase of land.
State whether the following is capital and revenue.
Construction of building ₹ 10,00,000.
Choose the following item into capital and revenue.
Loss on sale of old furniture.
State whether the following expenditure is capital, revenue or deferred revenue.
Legal fees paid to the lawyer for acquiring land ₹ 20,000.
State whether the following expenditure is capital, revenue or deferred revenue.
Heavy advertising cost of ₹ 12,00,000 spent on introducing a new product.
Choose the following receipt into capital and revenue.
Loan borrowed from bank ₹ 2,50,000.
Choose the following receipt into capital and revenue.
Sale of investment ₹ 1,20,000.
Choose the following receipt into capital and revenue.
₹ 1,400 wages paid in connection with the erection of new machinery.
Identify the following item into capital or revenue.
Audit fees paid ₹ 10,000.
Identify the following item into capital or revenue.
Labour welfare expenses ₹ 5,000.
