Intangible assets HomeFinancial Accounting MCQsIntangible assetsQ. Intangible assetsA. Have physical existenceB. Have no physical existenceC. None of the aboveAnswer: Have no physical existence
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