Unrealized profit on goods sold and included in stock is deducted from:

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Unrealized profit on goods sold and included in stock is deducted from:
(A) Capital Profit
(B) Revenue Profit
(C) Fixed Assets
(D) Minority interest

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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