Financial and Management Accounting

1: Which of the following profits are capital profits? l. Profit prior to incorporation 2. Premium received on issue of shares or debentures 3. Profit made on redemption of debentures 4. Profit set aside for redemption of preference shares. Select the correct answer using the codes given below:

A.	2,3 and 4
B.	1,3 and 4
C.	1,2 and 3
D.	1,2,3 and 4
	Answer : D Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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