Question

72
9. Unrealised profit on goods sold and included in stock is
deducted from:
i) Capital Profit
ii) Revenue Profit
iii) Fixed Assets
iv) Minority interest
​

Answer 1

Answer:

1) capital profit ..... ...

Answer 2

Unrealised profit on goods sold and included in stock is deducted from:

ii) Revenue Profit

Explanation :

Unrealised profit on goods sold and included in stock is deducted from 'Revenue Profit'

Revenue refers to the total amount of income generated from the sale of goods and services related to a company's primary operations. That is, the profit that is commonly called net profit or bottom line profit.

Revenue is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs.

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