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Questions
Give one example of Capital Profit.
Give two examples of capital gains.
Very Short Answer
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Solution
- Profit on sale of fixed assets.
- Premium on the issue of shares.
- Premium on the issue of debenture.
- Share the forfeited amount.
- Profit on the sale of the investment.
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Notes
Students should refer to the answer according to their questions.
Meaning of Capital Profit and Revenue Profit
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