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 (Solved)
1. Capital & transferred to capital reserve
2. Revenue & transferred to P & L a/c c)
3. Capital & transferred to P & L a/c
4. Revenue & tr
- d. Revenue & tr