A sale of rs. 2,500 was entered in the books as rs. 250, It is an error of HomeFinancial Accounting MCQsA sale of rs. 2,500 was entered in the books as rs. 250, It is an error of Q. A sale of rs. 2,500 was entered in the books as rs. 250, It is an error of A. principle B. partial ommission C. commission D. None of these Answer: commission
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