M/s Stationery Mart will debit the purchase of stationery to HomeFinancial Accounting MCQsM/s Stationery Mart will debit the purchase of stationery toQ. M/s Stationery Mart will debit the purchase of stationery toA. General Expenses A/cB. Stationery A/cC. Purchases A/cD. NoneAnswer: Purchases A/c
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