Land Purchase
This query is : Resolved
15 May 2011
Dear experts,
if we purchase 1 land worth rs 165000.
& paid rs 2500 for stamp duty & legal fees so what is the account entry will be at that time????/
if we purchase 1 land worth rs 165000.
& paid rs 2500 for stamp duty & legal fees so what is the account entry will be at that time????/
15 May 2011
land a/c Dr .......... 165000
to
cash a/c cr......................165000
beinng cost of land paid in cash/bank
land a/c dr ...........2500
to
cash a/c cr...................2500
Being Registration/Legal fees paid for land
to
cash a/c cr......................165000
beinng cost of land paid in cash/bank
land a/c dr ...........2500
to
cash a/c cr...................2500
Being Registration/Legal fees paid for land
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