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Question

The written down value of Machinery is ₹ 12,00,000.

The original cost of the Machinery is ₹ 20,00,000. It is sold for ₹ 24,00,000 during the year 2022-23. The result is:

A Capital Profit ₹ 12,00,000

B Capital Profit ₹ 24,00,000

C Revenue Profit ₹ 12,00,000

D Capital Profit ₹ 4,00,000 and Revenue Profit ₹ 8,00,000

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