Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thakkar tools pvt ltd. sold its machinery used in

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

Q

One angle of a right triangle measures a where 3335 What is sin 90 a...

Geometry
Q

TRANSCRIPTION: What does RNA polymerase do in transcription? What is the end product of transcription?

Medical Sciences
Q

Answer the following questions for the transition metal complex [Mn(CN)6]3-. Using sigma-only considerations: a) Draw the 5 d...

Chemistry
Q

A gas undergoes a process from state 1, where p1 = 60 lbf/in.2, v1 = 6.0 ft3/lb,...

Mechanical Engineering
Q

The number of people y (in millions) who have a driver's license can be estimated...

Basic Math
Q

In statistics what statistic is represented by the symbol X Population Standard Deviation Population Mean...

Statistics
Q

You may need to use the appropriate appendix table or technology to answer this question...

Statistics
Q

the equation below by Pst s lecting the correct function Sine Curve or Cosine Curve...

Algebra
Q

The following items are necessary for preparing the 2024 year-end adjustments for Gamecock Advertising Agency....

Accounting
Q

7. What are the threats to their system? accounting system in costco

Accounting
Q

Exercise 11-5 Stock issuance for noncash assets LO P1 Sudoku Company issues 36,000 shares of...

Accounting
Q

Maria Lorenzi owns an ice cream stand that she operates during the summer months in...

Accounting