Challenger App

No.1 PSC Learning App

1M+ Downloads
Profit on sale of machinery is ---.

ARevenue profit

BCapital profit

CTrading profit

DInterest profit

Answer:

B. Capital profit

Read Explanation:

.


Related Questions:

According to which accounting principle personal expenses of proprietor are recorded in drawings account.
Bank Reconciliation Statement is prepared by
Which of the following best defines a transaction in accounting?
The statement containing various ledger accounts balances on a specified date is known as
In the provision method of depreciation the asset always appears at: