When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
A) Adjusted Profit and Loss Account
B) Profit and Loss Account
C) Fixed Assets Accounts
D) Liabilities Accounts
Correct Answer:
Verified
Q14: Fund Flow Statement is also known as:
A)Statement
Q15: Which of the following statements is true?
1)
Q16: Which of the following are treated as
Q17: The balance of fixed assets of Breej
Q18: For Ram Industries, the balance of property
Q19: For Meghal Industries Ltd. opening balance for
Q20: Which of the following are Non-current Assets?
A)Land,
Q21: Which of the following are Current Liabilities?
A)Sundry
Q23: The Funds Flow and Cash Flow statements
Q24: Among the following items which item is
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