Accounting treatment of land

No difference in capital acc.

Rental Income/expenditye can be posted in both provided proper deed made.

you can book rental expenses in books

If land is transfered to business or husband(considering it to be sole proprietor) , he shall make an entry in the books by crediting capital and debiting land.

If he want to show it as land taken on rent then he can debit land rentals and credit cash/ bank/ wife's a/c