Q7)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 a) Capital & transferred to capital reserve b) Revenue & transferred to P & L a/c c)Capital & transferred to P&L a/c d) Revenue transferred to general reserve Q8)In income measurement concepts goes together 7 recognisation of assets & liabilities which of the following a) Periodicity. Accural, Matching b) Cest, Accural, matching C) Going concern, eest, Realization (d) Going concem. Periodicity, Reliability. Q9) Imerpretation means (a) Explanation of meaning and significance of the dats in Financial Statements (b) Concerned with preparation and presentation of classified data (c) Systematic analysis of recorded data (d) Methodical classification of data given in Financial Statements.
Q7)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
a) Capital & transferred to capital reserve
b) Revenue & transferred to P & L a/c
c)Capital & transferred to P&L a/c
d) Revenue transferred to general reserve
Q8)In income measurement
concepts goes together 7
recognisation of assets & liabilities which of the following
a) Periodicity. Accural, Matching
b) Cest, Accural, matching
C) Going concern, eest, Realization
(d) Going concem. Periodicity, Reliability.
Q9) Imerpretation means
(a) Explanation of meaning and significance of the dats in Financial Statements
(b) Concerned with preparation and presentation of classified data
(c) Systematic analysis of recorded data
(d) Methodical classification of data given in Financial Statements.
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