Joint entry passed or single entry passed


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Quick Summary
When recording a journal entry for a purchased piece of land, it's generally best practice to create a separate entry for the land itself and another for any associated building construction costs. However, if the building is constructed directly on the purchased land, you can pass a single, combined entry for the building.

11 August 2023 While making journal entry of Land purchased make separate entry and also make seprate entry for construction of Building.

11 August 2023 If the building is constructed on same land, pass single entry for building.

10 September 2024 Good Luck.


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