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How to make a entry in tally for Land & Building Purchased
for RS.1,65,00,000/-(Total Consideration)Paid Installment
wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
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Answer Posted / purnendu ghosh
1st entry will be
Land & building A/c dr 1,65,00,000
to Party A/c cr 1,65,00,000
2nd and all the installment entry will be
party A/c dr 30,00,000
to cash/bank cr 30,00,000
| Is This Answer Correct ? | 74 Yes | 7 No |
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