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Commerce · Q1392

Accounting

Graduate and Post Graduate · Commerce · question 1392

Q1392

Which of the following is capital profit:

A.
Premium paid on redemption of debentures
B.
Profit on sale of shares held as stock in trade
C.
Premium received on issue of shares
Answer
D.
Dividend received on shares held as permanent investment

Answer: Option C

Solution

Answer: Option C
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