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A and B purchased a piece of land for Rs. 30,000 and sold it for `60,000 in 2016.Originally A had contributed `12,000 and B `8,000. The profit on venture will be

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The CMA Intermediate Course Syllabus includes the following topics for Paper 6: Financial Accounting:
Accounting basics
Preparation of financial statements
Self-balancing ledgers
Royalties
Hire purchase and installment system
Branch and departmental accounts
Accounting in a computerized environment and standards


A and B purchased a piece of land for Rs. 30,000 and sold it for `60,000 in 2016.Originally A had contributed `12,000 and B `8,000. The profit on venture will be






 
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