Question

What is capital profit revenu profit and goodwill?

Answer 1

Answer: Planning commission is scrapped recently.

Explanation:

Answer 2

Explanation:

In other words, the profit (including reserves) standing in the Balance Sheet at the time of acquisition of shares is known as Capital Profit. ... Capital Profits (to the extent of holding company's share) is to be adjusted only against Cost of Control/Goodwill.