Nonprofit Accounting Question:
Download Questions PDF

Explain capital gain?

Answer:

Capital gain: when any capital asset is sold and it is sold at a higher price than its book value then that extra gain is called capital gain. The word profit generally means revenue profits. While capital gain is generally received infrequently.

Download Nonprofit Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
Define cash flow and fund flow?Explain bills receivable?