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 can I put Bank Guarantee Receipt entry in Tally ERP9?
Are you comfortable with cold-calling?
what do you consider to be the biggest challenge facing the accounting profession today?
Where should tds received should show in balance sheet?
Debit Card Come Under Which group in Tally 9?
What is the difference between cfa and csa?
Is it possible contra entry in SAP FICO
Tell me entries to revenues accounts such as service revenues are usually?
How to pass the entry in tally for demolished of building?
Dillution effect on EPS
What is accounting period?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
wht is different between defered tax liablities and defered tax assets??????
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so