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Journal Interpret

Accountancy

Debentures due along with Interest ( 125400) Freehold property: 120000 The debenture holders took over freehold land at 2,10,000 and settled the balance after adjusting their dues. Debenture holders Account Dr. 1,25,400 Cash Account (2,10,000-1,25,400) Dr. 84,600 To Freehold Land. 1,20,000 To RC a/c (2,10,000-1,20,000) 90,000

Saravana Perumal

CA Final

★ 3K+

09-May-23 17:54

325

Answers (5)

Last row To P&L

CA Suraj Lakhotia

Admin

09-May-23 17:57

Why sir

Thread Starter

Saravana Perumal

CA Final

★ 3K+

09-May-23 18:24

Profit on transfer. I did not understand what you meant by RC.

CA Suraj Lakhotia

Admin

10-May-23 07:30

Sorry sir my fault It's reconstruction account

Thread Starter

Saravana Perumal

CA Final

★ 3K+

10-May-23 10:29

But you didn’t mention that its from reconstruction

CA Suraj Lakhotia

Admin

10-May-23 10:45