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 / syed aqeel ahmed
building A/c Dr 110000
land A/C Dr 40000 To
Cash A/c 150000 Cr
Both are fixed Asset For the Company.
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