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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is capital profit? - Accountancy

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Question

What is capital profit?

One Line Answer

Solution

Capital profit is the profit which arises not from the normal course of the business. Profit on sale of fixed assets is an example of capital profit.

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Capital and Revenue Transaction
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Chapter 11: Capital and Revenue Transactions - Very short answer questions [Page 236]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 11 Capital and Revenue Transactions
Very short answer questions | Q II 3. | Page 236
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