Accounting 0452 · IGCSE · Accounting for depreciation and disposal of non-current assets

Accounting for depreciation and disposal of non-current assets — practice question

A farmer disposed of a plot of land for its market value. How ought the money received from this sale to be recorded?

  • Aas a capital receipt
  • Bas a revenue receipt
  • Cas capital expenditure
  • Das revenue expenditure

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