investment
This query is : Resolved
23 November 2009
A land costing 5000000 is sold during the year for 2 crore.Does it amount to investment or not? It is the only transaction in the year.
23 November 2009
just profit on sale of land.
23 November 2009
The land is never shown in the balance sheet as an investment. Since it has been purchased and sold during the year, it will be profit on sale of land
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