Question

profit on sale of an asset will be recorded in the
(1) debit side of trading A/c
(2) credit side of trading A/c
(3) credit side of profit and loss appropriate A/c
(4) credit side of profit and loss A/c

Answer 1

(4) credit side of profit and loss A/c

Answer 2

❗❗option (4) is the answer of your question ❗❗

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