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Loss on sale of fixed assets is a capital loss. - Commercial Studies

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Question

Loss on sale of fixed assets is a capital loss.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is True.

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Meaning of Capital Loss and Revenue Loss
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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 83]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 5. (ii) | Page 83
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