Q2388
The written down value of a plant is Rs. 60,000 (the original value being Rs. 1,00,000). It is sold for Rs. 1,20,000 during the current financial year. Which of the following is true in this regard?
A.
Capital profit = Rs. 60,000
AnswerB.
Revenue profit = Rs. 60,000
C.
Capital profit = Rs. 20,000 and Revenue profit = Rs. 40,000
D.
Capital profit = Rs. 1,20,000
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board