Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 11-commerce Answered

i. From the following calculate operating profit :    Rs. Net profit 2,00,000 Rent received 20,000 Gain on sale of machine 30,000 Interest on loans 40,000 Donation 4,000   ii. State whether the cost of obtaining license to carry out business is a capital or revenue expenditure.
Asked by Topperlearning User | 01 Jul, 2016, 04:01: PM
answered-by-expert Expert Answer

 

  1. Operating profit = Net profit - Rent received- Gain on sale of machine + Interest on Loan- Donation (assumed it is already included in net profit)

     = 2,00,000- 20,000 -30,000 + 40,000 - 4,000

     = Rs.1,86,00
  2. It is a capital expenditure
Answered by | 01 Jul, 2016, 06:01: PM
CBSE 11-commerce - Accountancy Part II
Asked by Topperlearning User | 04 Jul, 2016, 08:16: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×