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Q. Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is
  • (A) Capital & transferred to capital reserve
  • (B) Revenue & transferred to P & L a/c c)
  • (C) Capital & transferred to P & L a/c
  • (D) Revenue & tr
πŸ’¬ Discuss
βœ… Correct Answer: (D) Revenue & tr

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