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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2011 a asset costing 20000, wdv 12000/- sold for 24000/-

wat is revenue and capital profit????

12 November 2011 12000/- is profit

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2011 i m asking what will be capital profit.

and what will be revenue profit.

read question carefully.ok.......




12 November 2011
Total profit = Rs. 12000/-

Capital Profit = Rs. 4000/-

Revenue Profit = Rs. 8000/-

15 November 2011 Dear One,

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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