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Sale of resedential house

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2018 What is the accounting entery for sale of resedential house??
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
12 August 2018 Cash or Bank A/C dr
Residential Property Cr ( Original cost)
Profit on Sale of Property Cr (capital) Difference




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