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Syllabus

Premium received on the issue of shares is a ______ profit. - Commercial Studies

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Question

Premium received on the issue of shares is a ______ profit.

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Solution

Premium received on the issue of shares is a capital profit.

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Meaning of Capital Profit and Revenue Profit
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Q 1. (xi)
Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 82]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 1. (xi) | Page 82

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