Question

Exchange old building worth ₹20, 00, 000 for a plot of land worth ₹30, 00, 000 , balance paid in cash. journal entry. please help anyone​

Answer 1

Answer:

buildingA/C.........Dr 2000000

cashA/C...............Dr 1000000

To land A/c. 3000000

explaination

[being the old building exchanged and balance paid in cash so(3000000-2000000=1000000)]

Answer 2

Answer:

Explanation:

Land A/c DR=3000000

To building A/c=2000000

To Cash A/C=1000000