CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Accounting Treatment of Longterm capital gain

This query is : Resolved 

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.


Indexation needs to be carried out. The below is one general entry for your reference.

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


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
GST Live Class    |    x