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Accounting Treatment of Longterm capital gain

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(Querist)
09 December 2019 Please suggest me proper accounting entry for long term captital gain in company. for example building sold Rs. 90 and cost is 35 so what should be entry of capital gain in books of account of rs. 55.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
14 June 2020 Indexation needs to be carried out. The below is one general entry for your reference.

Bank - Dr.
Land - Cr
Capital Gain - Cr.
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