Maharashtra State BoardHSC Commerce 11th
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Write the word/term/phrase which can substitute the following statement: Excess of Selling price of fixed asset over its Written Down Value. - Book Keeping and Accountancy

One Word Answer

Write the word/term/phrase which can substitute the following statement:

Excess of Selling price of fixed asset over its Written Down Value.

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Solution

Excess of Selling price of fixed asset over its Written Down Value. - Profit on sale of asset

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