Prevision for taxation is shown under the head ___ in the Balance Sheet HomeFinancial Accounting MCQsPrevision for taxation is shown under the head ___ in the Balance SheetQ. Prevision for taxation is shown under the head ___ in the Balance Sheet.A. P & LB. ReservesC. ProvisionD. All of the aboveAnswer: P & L
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