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Land Purchase

This query is : Resolved 
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(Querist)
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????/
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U S Sharma

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U S Sharma (Expert)
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
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Nevil

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Nevil (Querist)
15 May 2011 thank you sir,
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