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how to account for a property purchased?
asset dr
to tds
to builder
but then what about stamp duty , maintenance , advance payment etc in tally
Replies (3)
All these expenditure will also be capitalised along with value of property.
Entry will be property Dr. amount of expenditure
Cr. Cash/Bank/Party
so how to account for stamp duty , maintenance , advance payment and tds ?
YTou give me the value, I will post the Entry.
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