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Profit on sale of fixed assets

Others 575 views 4 replies
profit on sale of fixed assets is revenue receipt or capital receipt ??
Replies (4)
Capital receipt certainly
So why it is recorded in p&l a/c

Incomes and gains are nominal accounts

Please provide the details of depreciation  https://banksnear-me.com/ available for LED lights used in factory for industrial purpose as per income tax act Your early .


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