Daya
This Query has 2 replies

This Query has 2 replies

whether we can take Loan against Property and Term loan also from same bank at the same Time.


Daya
This Query has 1 replies

This Query has 1 replies

How to make journal entry for Joint fixed assets purchased.
And also Journal entry of Joint Bank account maintained.


Daya
This Query has 1 replies

This Query has 1 replies

How to make Journal entry of Loan taken against term Deposit.


Daya
This Query has 1 replies

This Query has 1 replies

15 March 2025 at 17:29

Loan taken for car Loan

Loan token for car loan how to bifurcate it
means Principal amount equal to loan amount and interest amount charged to profit and loss account.


kavita
This Query has 1 replies

This Query has 1 replies

19 March 2025 at 13:38

Under which head pass to entry

We have a construction company. We have received the CCTV camera bill, including installation charges. How to pass the entry.


Daya
This Query has 2 replies

This Query has 2 replies

14 March 2025 at 11:22

Interest paid against property

Interest paid against loan taken property,
whether should be treated as revenue expenses .
or may be another treatment.


Daya
This Query has 2 replies

This Query has 2 replies

Treatment of stamp duty paid for office taken on rent for 3 years,
whether should be charged as revenue expenses or amotized in 3 Years equal amount,


Daya
This Query has 2 replies

This Query has 2 replies

whether land value include all the expenses regarding buying properties ,i.e. Registration Fees or Stamp duty. should be club into the Land Value.


Daya
This Query has 2 replies

This Query has 2 replies

How to Make Journal entry of Loan taken against Property
and repaid journal entry.


SRINIVASA RAO P
This Query has 1 replies

This Query has 1 replies

13 March 2025 at 18:04

Passing of Accounting Entries

'X' and 'Y' are two Real Estate Companies.

Both of them have entered into an MOU for purchase of open plots by 'X' from 'Y'.
Later 'X' sells these plots to its prospective customers.

Now a prospective customer 'Z' approaches 'X' and agrees to purchase a plot for a total consideration amount of Rs. 12 lacs and pays an advance amount of Rs. 5 lacs to 'X'.

Later 'Z' pays the balance amount of Rs. 7 lacs (which is the consideration value mentioned in the Sale Deed ) directly to 'Y' at the advice of 'X' to avoid double stamp duty (i.e., from 'Y' to 'X' and again 'X' to 'Z') and the Sale Deed is executed by 'Y' in favour of 'Z'.
Also the consideration amount payable by 'X' to 'Y' for purchase of plot from 'Y' by 'X' is also 7 lacs.

Now how to pass the journal accounting entries in the Books of 'X' and 'Y' for closing the total amount of Rs. 12 lacs received from 'Z' for declaring it as income.

Kindly guide.

Thank You.






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details