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Which should not be called sales

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Reference no: EM132691102

Problem 1: Which of the following should not be called 'Sales'?

A. Office fixtures sold

B. Goods sold on credit

C. Goods sold for resale

D. Sale of item previously included in "Purchases"

Problem 2: Which of the following statements is correct?

A. Profit does not alter capital

B. Profit reduces capital

C. Capital can only come from profit

D. Profit increases capital

Reference no: EM132691102

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