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 / 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
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