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
Answer Posted / ajay singh
BUILDING A/C ----DR Rs. 110000
TO CASH Rs. 110000
LAND A/C ---- DR Rs. 40,000
TO SUNDRY CREDITOR Rs. 40,000
Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
how to deduct tds on income from other sources with examples
what is lease accounting?? please explain me....
Do you know what is icai?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
salary and rent entry with tds deduct
How to Automate requirment mapping in QC?
In which term & condition excise invoice raises & for what excise invoice raise?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
what is the process of cenvat credit taken in service tax( in direct & indirect service)
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
Is an "account receivable" and "goodwill" real accounts in accounting?
What are the different types of gst?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
What is the procedure of submit bank guarantees and cancellation.
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.