Accounting JAMB

If a property developing company sells a completed building to an interested third party; this sale can be treated in the books of the company as?
If a property developing company sells a completed building to an interested third party; this sale can be treated in the books of the company as?If a property developing company sells a completed building to an interested third party; this sale can be treated in the books of the company as?

A. capital receipt
B. revenue receipt
C. windfall receipt
D. miscellaneous receipt

Correct Answer:

Option A – capital receipt

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