16 April 2014
Dear Experts, I want to record an Immovable asset (Land) purchased 5 years back into Books..i want to know what will be the Journal Entries required to be passed..Should it be treated as a Personal Assets in the Balance Sheet.. Pls tell me the effect in in the Balance Sheet..Thank You.. !!!
16 April 2014
Sir, actually the land was purchased 5 years back..it was not recorded in books..Now i want to enter it in the Books.. Is it fine to route it through Capital A/c.. Are there any other ways ??