_________ are the basis of the business’s financial accounting HomeFinancial Accounting MCQs_________ are the basis of the business’s financial accountingQ. _________ are the basis of the business’s financial accounting.A. Accounting recordsB. BookkeepingC. Sales VolumeD. Both A & BAnswer: Both A & B
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