Rohit carrying on real estate business sold a piece of land for Rs.4"00"00"000 (costRs.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) Capital & transferred to P & L a/c
(D) Revenue & transferred to general reserve
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Answer:
Revenue & transferred to general reserve
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your answer is B)
mark me as brainlist answer.
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