Purchase book is a part of HomeFinancial Accounting MCQsPurchase book is a part ofQ. Purchase book is a part ofA. ledgerB. journalC. profit and loss accountD. trading accountAnswer: journal
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