Accounting entry of property purchase

BAnk A/c Dr.                10,00,000

  to Loan From Bank a/c     10,00,000

(Loan Taken)

XYZ Construction a/c Dr.     500,000

       To Bank                                  500,000

(For Advance)

Land a/c Dr.                      15,00,000+90,000+2500+15000

    To XYZ Construction a/c          15,00,000

     To Cash/Bank                 90,000+2500+15000

(Purchase of land, expenses incidental to such purchase are part of cost of fixed assets)

XYZ a/c Dr.        10,00,000

     To  Bank               10,00,000

(Payment for rest of amount)

I Hope am clear and correct.

THANK YOU SO MACH FOR THE REPLY...CLEAR MY ALL DOUBT

What is the accounting treatment of Registration Charges in case of purchase of Land by Construction Company?

Hello sir,

Please tell me some entries for :-

1) Buy a plot (plot A)

2) Construction a building on plot (plot A)

3) Received advance from XYZ gainst for selling this plot with building 

4) Received all amount after some days through bank

THIS NEEDS TO BE FOLLOWED THROUGH REVENUE RECOGNITION SATANDARD. HOWEVER, FOR A GIST

LAND A/C

TO INVENTORY A/C

AND WHEN CONSTRUCTION STARTS

ALL EXPENSES A/C

TO BANK A/C

AND WHEN YOU RECEIVE ADVANCE

BANK A/C

TO DEFERRED REVENUE A/C -> BUT YOU MUST FOLLOW STAGE OF COMPLETION REVENUE RECOGNITION. IMAGINING ALL OF THIS HAPPENED WITHIN ONE YEAR,

WHEN YOU HANDED THE PLOT TO ABC,

DEFERRED REVENUE A/C

BANK A/C

TO SALES

AS 7 - Construction Contracts (cleartax.in)

how to be bookkeeping if i buy land and build a house  and sell it.