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PURCHASE LAND

This query is : Resolved 
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(Querist)
14 June 2021 Sir,

I have purchase land ,whether i have to deduct the amount in capital A/c .
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Ganeshbabu K

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Ganeshbabu K (Expert)
14 June 2021 if land is not for business purposes and you bought from business money

yes account payment made as drawings- which reduce your capital balance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 October 2021 As such it will reduce your bank balance; the capital account may not get affected.
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