Debit the receiver & credit the giver is…….. account HomeFinancial Accounting MCQsDebit the receiver & credit the giver is…….. accountQ. Debit the receiver & credit the giver is…….. accountA. NominalB. RealC. PersonalD. All the aboveAnswer: Personal
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