Classify the following into Capital and Revenue [Profit / Loss / Expenditure]
(a) Profit made on the sale of an asset. (b) Spent ₹6,000 as legal expenses for abuse of trade mark. (c) Loss incurred on the sale of a short-term investment.

Question

Classify the following into Capital and Revenue [Profit / Loss /
Expenditure]
(a) Profit made on the sale of an asset (b) Spent ₹6,000 as
legal expenses for abuse of trade mark (c) Loss incurred on the
sale of a short-term investment

Charu Kashyap · Accepted Answer

Dear Student,
(a) Profit made on the sale of an asset :- Capital profit
(b) Spent â‚¹6,000 as legal expenses for abuse of
trade mark:- Revenue Expenditure
(c) Loss incurred on the sale of a short-term investment:- Revenue
Loss

Regards

Classify the following into Capital and Revenue [Profit / Loss / Expenditure] (a) Profit made on the sale of an asset. (b) Spent ₹6,000 as legal expenses for abuse of trade mark. (c) Loss incurred on the sale of a short-term investment.

Classify the following into Capital and Revenue [Profit / Loss / Expenditure]
(a) Profit made on the sale of an asset. (b) Spent ₹6,000 as legal expenses for abuse of trade mark. (c) Loss incurred on the sale of a short-term investment.