Profit on sale of assets,revenue receipt or capital receipt
This query is : Resolved
PRATHYUSH SHETTY
(Querist)
08 September 2023
Hi,why profit on sale of assets credited to p&l account when it is not a revenue receipt?
CA R SEETHARAMAN
(Expert)
09 September 2023
It's a revenue receipt in case of depreciated assets.
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