Double entry system is used in which type of accounting HomeFinancial Accounting MCQsDouble entry system is used in which type of accountingQ. Double entry system is used in which type of accountingA. FinancialB. CostC. ManagementD. AllAnswer: Financial
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