Accounting entry
Querist : Anonymous
wat is revenue and capital profit????
Querist : Anonymous
and what will be revenue profit.
read question carefully.ok.......
Total profit = Rs. 12000/-
Capital Profit = Rs. 4000/-
Revenue Profit = Rs. 8000/-
Total Profit will Be 12000
and Revenue profit Will Be - 4000 (Sold Value - Historical Cost)
and Capital Profit - 8000 (Provision For Depreciation Balance)
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