Answer / vinay & ibbu

capital gain means If we sale our Fixed Assets like
Machinary & Builidings from that if we get profits then it
is capital ganin. Simply we can say that whare incomes
comes from fixed assets. that is called capital gain.

Answer / ma10kumar

Capital gains are our profits out of sale of fixed assets.
We call this as capital gains because these gains do not
result because of our business (in which case we could have
called it as Profit). We earned the gain because we have
purchased them through Capital. Thus the only contributor
to the gain is Capital. Therefore, it is called as capital
gains.

Moreover, adding these kind of gains with the acutal
business profit will dilute the real picture of how did the
organization perform. Therefore, the profit from the sale
of fixed asset should be separated from actual business
profit and put under account head "Capital Gains".

- Ma10kumar, Chennai

what is the Meaning W.D.V in balance sheet.

2 Answers  

---

Expand---------PED

0 Answers  

---

if the balance of the supplies account on January 1 was $500, supplies purchased during the year were $1750, and the supplies on hand at December 31 were $300, the amount for the appropriate adjusting entry at December 31 is?

1 Answers  

---

What is mean by Reserve on Consolidation?

1 Answers  

---

what is the difference between gross profit and net profit?

7 Answers  

---

genpact uk based shift timings? and R2R job profile?

0 Answers  

---

what is the script forms standard text in fico

0 Answers   Bosch,

---

I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

0 Answers   Genpact, Oracle,

---

How can entry made if loan transfer from reliance to tata finance

2 Answers   KMS,

---

Expand---------TMG

1 Answers  

---

EXPAND___________LTTE

3 Answers  

---

How to adjust payment transfer amount one party to another party in Tally?

1 Answers  

---