Trading account shows HomeFinancial Accounting MCQsTrading account showsQ. Trading account showsA. Gross profitB. Net profitC. Notional profitD. Both a & bAnswer: Gross profit
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