Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation??

Accounting Mcqs
BILAL KHATTAK0

A. Added, Reduced
B. Added, Added 
C. Deducted, Added 
D. Deducted, Deducted

Related Mcqs:

  1. A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car??
  2. A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car??
  3. Profit on sale of old plant is:___________??
  4. The excess of current assets over current liabilities is called:?
  5. In Brinell hardness testing, while determining hardness of aluminium
  6. Current assets – Current liabilities=??
  7. The Profit and Loss Account shows the:?
  8. Which of the following will not appear in Profit and Loss Account of a business??
  9. The difference between current assets and current liabilities is known as____________??
  10. A man sells two houses for Rs. 24000 each. He maks 20% of the cost price on the first, but on the second he has a loss of 30% of the cost price. How much did he gain or loss by this transaction?

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