Thakkar Tools Pvt Ltd. sold its machinery used in the business at a profit of...

50.1K

Verified Solution

Question

Accounting

Thakkar Tools Pvt Ltd. sold its machinery used in the business at a profit of Rs.42,000. How will it be shown in the statement of profit and loss?
Select one:
a. Other income
b. None of these
c. Finance costs
d. Revenue from operations

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students