Loans obtained against hypothecation of an asset is called HomeFinancial Accounting MCQsLoans obtained against hypothecation of an asset is calledQ. Loans obtained against hypothecation of an asset is calledA. Unsecured LoanB. CapitalC. Secured LoanD. All of the aboveAnswer: Secured Loan
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