Income is measured on the basis of HomeFinancial Accounting MCQsIncome is measured on the basis ofQ. Income is measured on the basis ofA. mätching conceptB. consistency conceptC. cost conceptD. None of theseAnswer: mätching concept
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