Cost of building in balance sheet

sidhigiri (Ipcc) (236 Points)

08 August 2018  

2 BROTHER PURCHASE A PROPERTY OF RS 61 LAKH

AMOUNT PAID AS SUCH

4 LAKH BY BROTHER -A

27 LAKH BY BROTHER-B

LOAN BY A AND B- RS 30 LAKH

REGISTRY PAPER HAVE BOTH BROTHER NAME

NOW IN BALANCE SHEET OF BROTHER A WHAT AMOUNT WILL REPORTED 4 LAKH OR 61/2 = 30.5

 

THANX