A ___ Increase in liability, while ___ increase in liability HomeFinancial Accounting MCQsA ___ Increase in liability, while ___ increase in liabilityQ. A ___ Increase in liability, while ___ increase in liability.A. Debit, DebitB. Credit, CreditC. Debit, CreditD. Credit, DebitAnswer: Credit, Credit
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