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P Ltd owns all of the shares of S Ltd. During the year ended 30 June 2020, P Ltd sells a land to S Ltd

P Ltd owns all of the shares of S Ltd. During the year ended 30 June 2020, P Ltd sells a land to S Ltd at a profit of $2,000. The consolidated worksheet entries in relation to the land sales, ignoring tax effect, for the year ending 30 June 2020 include:

a. DR Land, CR Gain on sale

b. DR Cash, CR Land

c. DR Gain on sale, CR Land

d. DR Land, CR Cash

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