Answer / vinay & ibbu

capital gain means If we sale our Fixed Assets like
Machinary & Builidings from that if we get profits then it
is capital ganin. Simply we can say that whare incomes
comes from fixed assets. that is called capital gain.

Answer / ma10kumar

Capital gains are our profits out of sale of fixed assets.
We call this as capital gains because these gains do not
result because of our business (in which case we could have
called it as Profit). We earned the gain because we have
purchased them through Capital. Thus the only contributor
to the gain is Capital. Therefore, it is called as capital
gains.

Moreover, adding these kind of gains with the acutal
business profit will dilute the real picture of how did the
organization perform. Therefore, the profit from the sale
of fixed asset should be separated from actual business
profit and put under account head "Capital Gains".

- Ma10kumar, Chennai

what does debit and credit mean in accounting and what is its underlying concept and its treatment. in the cash book dr means receipt nad credit means payment? is it correct?

4 Answers  

---

Expand ________FDI

3 Answers  

---

Fill in the blank Losses Capital

1 Answers  

---

I am completed MBA finance & Mcom, I had 8 years experience in accounts field. I am interested in software. can shift my in software. whcih course i select

2 Answers  

---

If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

0 Answers   IBM,

---

EXPAND______________PWD

1 Answers  

---

Diffrence between cost, financial and management accounting

2 Answers  

---

what is ADVANCE,DECLINE ratio. also explain how it helps the investor to predict the stock market movements?

3 Answers   UBS,

---

what are important steps to take during the conversion of an accounting system?

2 Answers   Cap Gemini, Franklin Templeton, Globix,

---

Expand---------PDBC

1 Answers  

---

How can we post Salary, PF etc., can anybody tell me the entry

15 Answers  

---

what is deffered revenue expenses and what is amortization expenses?

1 Answers  

---