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 ofQ. A sale of rs. 2,500 was entered in the books as rs. 250, It is an error ofA. principleB. partial ommissionC. commissionD. None of theseAnswer: 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