Chapter 11: Capital Gain Tax

Very Short Questions and Answers 1. Define capital gain. Capital gains (or losses) are any profits or gains (losses) arising from the disposal or transfer of capital assets. Technically, it […]

Absorption and Variable Cost

Numerical Problems Brief Answer Questions 1. Following information is provided to you: Sales Rs. …………………………4,00,000 Variable manufacturing overhead …….30,000 Direct materials…………………………………. 50,000 Fixed manufacturing overhead  …………………50,000 Direct labour ……………………………………… 80,000 […]