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Disclosure in P/L a/c

Accountancy

Why we disclose gain or loss in P/L a/c ,if the fixed asset sold? Because it is capital nature.

Kamal Kumar

Kamal Kumar

CA Inter

★ 7K+

17-Mar-23 23:29

397

Answers (1)

But it represents profit earned by the enterprise.

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

20-Mar-23 09:52

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