Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) thenthe type of receipt is ______ nature and profit on sale is _______

Question

Examsnet · Accepted Answer

Correct Answer is : Revenue & transferred to P & L a/c

CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice