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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    . Which of the following is not a capital profit?

    A) Profit prior to incorporation of the company

    B) Profit from the sale of fixed assets

    C) Premium on issue of shares

    D) Compensation received on the termination of a contract

    Correct Answer: D

    Solution :

    [d] Compensation received on the termination of a contract


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