Ordinary or exceptional

land sold at the time of liquidation to get money whether it is ordinary or exceptional item as per AS-5
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Quick Summary
This discussion clarifies the accounting treatment of land sold during liquidation under AS-5. While the sale of land itself is typically considered an ordinary business activity, its classification as 'exceptional' can depend on specific circumstances and the nature of the liquidation process.

Extra Ordinary item
But actually sale of land is ordinary but exceptional right
Yes you're right

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