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Acnting entry
tell me where i m wrong?
made d building fund
p&l to build. fund
purchased the building further
build. to bank
den were i should trdnsfr my build .fund which is shown in books?? i hav fully utilised d samee
Replies (1)
It was not required to debit the P&L A/c for Building Fund. Whenever you purchased the building, you had to debit the building. You may reverse the building fund to P&L
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