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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 |
Answer» D. Revenue & tr |
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