How to make a entry in tally for Land & Building Purchased
for RS.1,65,00,000/-(Total Consideration)Paid Installment
wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
- 2 Answers
- 37785 Views
- Consortexe, I also Faced
- E-Mail Answers
Answer Posted / purnendu ghosh
1st entry will be
Land & building A/c dr 1,65,00,000
to Party A/c cr 1,65,00,000
2nd and all the installment entry will be
party A/c dr 30,00,000
to cash/bank cr 30,00,000
| Is This Answer Correct ? | 74 Yes | 7 No |
Post New Answer View All Answers
Tell me what is the equation for acid-test ratio in accounting?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
plz can some one tel me "The concept of stock holder's equity and paid in capital".
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
In which term & condition excise invoice raises & for what excise invoice raise?
Tell us do you have any professional experience of this field?
What do you think is a bank reconciliation statement?
What is aggregate Liabilities ?
What's the accounting entry when an Invoice is created in AR?
What do you find most satisfying about this job?
What is fbt (fringe benefit tax)?
What is the use of form D in sale tax
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
What is BRS Adjustment entry?
Define bills receivable?
