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Give the journal entry of following transaction- repair of building. |
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Answer» Since its just repair of building and not a substantial increase to the building so we can\'t Dr building a/c we\'ll take it as revenue expense so repairs a/c will be debited REPAIRS A/c. DrTO CASH/BANK A/c Buildinga/c ...dr. To cash a/c.Hope its ryt Repairs A/c Dr. To Cash A/c No its not write answer for given transaction Expence A/c D.r To cash |
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