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PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE
BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE
IS ASSIGNED TO LAND.
WHAT WILL BE THE JOURNAL ENTRY
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Answer Posted / bhupender singh
BUILDING A\C Dr. 1,10,000
LOSS ON PURCHASE Dr. 40,000
TO CASH 1,50,000
(BEING PURCHASE BUILDING ON CASH)
| Is This Answer Correct ? | 4 Yes | 4 No |
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