Which accounting concept specifies thepractice of crediting closing stock to the trading account? HomeFinancial Accounting MCQsWhich accounting concept specifies thepractice of crediting closing stock to the trading account?Q. Which accounting concept specifies thepractice of crediting closing stock to the trading account?A. MatchingB. CostC. RealisationD. Going concernAnswer: Matching
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