I HAVE A CASE , my client purchase a property rs6200000. + 310000 rs of stamping, he is in bangladesh , i have to show this property (flat) in his wife balance sheet how could i do that . how i pass entry in tally and how could i show in balance sheet
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House property
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WHERE IT IS INVESTMENT OR ASSETS OF COMPANY ??
1. IF IT IS FOR BUSINESS SO JOURNAL ENTRY
LAND & BUILDING A/C .... DR.
. TO PART A/C
2. IF IT IS INVESTMENT SO SHOW UNDER NON-CURRENTS ASSETS
SIR I M NOT UNDERSTAND LET ME SEE U TRANSACTION
JOUNRAL ENTRY FOR FLAT 6200000
STAMP DUTY 310000
TELL ME THESE TWO TRANSACTION ENTRY
u have to follow Bangladeshi accounting principals
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