Question

Profit on sale of an asset will be recorded in
(1) Trading A/c
(2) Profit and Loss A/c
(3) Suspense A/c
(4) Balance Sheet

Answer 1

profit on sale of asset will be recorded credit side of  profit and loss account .

so option 2 is the answer 

Answer 2

Heyaa,

2 nd option is the correct answer.

Profit & Loss a/c.

Profit on sale of fixed asset will be recorded on P&L a/c.

☺️☺️☺️☺️.