Rent paid to landlord should be credited to HomeFinancial Accounting MCQsRent paid to landlord should be credited toQ. Rent paid to landlord should be credited toA. Cash accountB. Rent accountC. Expense accountD. Landlords accountAnswer: Cash account
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