Question

Mr. Arun sold his old car to Mr.Batia. Mr. Batia paid Rs.2,50,000/- to Mr. Arun as a single payment for purchasing a car. Will this sale of car considered as business activity? give a reason​

Answer 1

Answer:

no

Explanation:

Business activity is a continuous activity which creates wealth . When goods are sold on a regular basis , then it's a business activity .But if someone sells his old car , he is selling it just for once and not on a regular basis , so this is not a business activity.