Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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What is capital profit? - Accountancy

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One Line Answer

What is capital profit?

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Solution

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.

Concept: Capital and Revenue Transaction
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Accountancy Answers Guide
Chapter 11 Capital and Revenue Transactions
Very short answer questions | Q II 3. | Page 236
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