A _______ can also be referred to as a tangible asset HomeFinancial Accounting MCQsA _______ can also be referred to as a tangible assetQ. A _______ can also be referred to as a tangible asset.A. liquid assetB. fixed assetC. current assetD. other assetAnswer: fixed asset
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