Question

what is the journal entry for building 40000​

Answer 1

Answer:

Building A/c Dr 40000

To Cash A/c 40000

(being building purchased)

Step-by-step explanation:

Rule:

Building account is debited ( because of increase in asset)

Cash account is credited ( because of decrease in asset)

Answer 2

Answer:

Building A/c Dr. 40000

To Cash A/c 40000

(being building purchased)