Easy Office
LCI Learning

PURCHASE LAND

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 June 2021 Sir,

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

Ganeshbabu K

Profile Image

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
Profile Image

Dhirajlal Rambhia

Profile Image

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




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links