Land Purchase

This query is : Resolved

Nevil (Querist)
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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????/

U S Sharma

U S Sharma (Expert)
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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

Nevil

Nevil (Querist)
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15 May 2011 thank you sir,

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