Question

jan.01 building 1,00,000 which entry i could pass. plz help me..​

Answer 1

Answer:

If you are purchasing a building so the entry will be

(i) For cash

Building A/c dr. 1,00,000

to cash a/c 1,00,000

(ii) For credit

Building A/c dr. 1,00,000

to vendor a/c 1,00,000

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HOPE THIS HELPS YOU.

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