Valuation of inventory is dealt with HomeFinancial Accounting MCQsValuation of inventory is dealt withQ. Valuation of inventory is dealt withA. AS 2B. ASC. AS 4D. AS 5Answer: AS 2
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