Interested to Buy Any Domain ? << Click Here >> for more details...
PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE
BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE
IS ASSIGNED TO LAND.
WHAT WILL BE THE JOURNAL ENTRY
- 4 Answers
- 8138 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / syed aqeel ahmed
building A/c Dr 110000
land A/C Dr 40000 To
Cash A/c 150000 Cr
Both are fixed Asset For the Company.
| Is This Answer Correct ? | 19 Yes | 0 No |
Building A/c Dr. 1,10,000
Land A/c Dr. 40,000
To Cash A/c. Cr 1,50,000
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / bhupender singh
BUILDING A\C Dr. 1,10,000
LOSS ON PURCHASE Dr. 40,000
TO CASH 1,50,000
(BEING PURCHASE BUILDING ON CASH)
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / ajay singh
BUILDING A/C ----DR Rs. 110000
TO CASH Rs. 110000
LAND A/C ---- DR Rs. 40,000
TO SUNDRY CREDITOR Rs. 40,000
| Is This Answer Correct ? | 0 Yes | 4 No |
What Does Random Walk Theory Mean?
What is the nature of bank account: a) nominal b) real c) personal
What is accounting normalization?
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
Which Entries Or Transactions Are Entered In Journal Voucher?
what are the transactional entries have to be passed in Letter of credit
If a prospective client kept presenting you with excuses not to buy, what would you do?
What Is ROC? Explian briefly?
in reply of sreedapa answer ,suppose for the m/o march telephone expense is Rs.800 and for the m/o april Rs.200 For this we will pass tthis entry : Telephone expenses Dr 800 To Tel expenses payable 800 Telephone Expenses Payable Dr 800 to Bank/cash 800 (For the m/o march) And for the m/o april, we will make the provision in the m/o March Telephone expenses Dr. 200 To Telephone Expenses Payable 200 Plz advice
Explain miscellaneous expenditures & profit and loss account debit balance
.........method of stock valuation considered the purchase price of stock which intered the godown last. 1)fifo 2)lifo 3)weight average 4)all the above methoed chose the correct answer?
I am going to take interview of some candidate for the position of Accountant. Therefore, I want to know what type of question I shall be ask to the candidates. Please suggest.
Audit 
