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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

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



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