JOURNAL ENTRY OF LAND SALES WITH INDEX BENIFIT
IF PURCHASE PRICE RS 10,000
INDEX BENIFIT IS RS 7000
SALES PRICE RS 20000
WHATS JOURNAL ENTRY FOR INDEX EFFECT RS 7000
1 Replies
sasikumar
(auditor)
(29 Points)
Replied 21 July 2020
Purchaser account Dr 20k, Purchase of Land account Cr 10k, Benefit on Sale of Land account Cr 10k
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