Profit on sale of investment
is transfered to goodwill
Is transferred to capital reserve account
if the investment long term investment
O Is transferred to profit and loss A/C
Is transferred to profit and loss A/c only
O
if the investment is current investment

B: Is transferred to capital reserve account if the investment long term investment

D: Is transferred to profit and loss A/c only if the investment is current investment

Step-by-step explanation:

Fixed assets are long term investments and when these assets are sold at a profit, the profit on the sale of such investment is usually transferred to Capital Reserve Account.

Meanwhile, current assets are current investments and when these assets are sold at a profit, the profit on the sale of such investment is usually transferred to profit and loss account.

Thus, options B & D are correct.

i dont know

step-by-step explanation: