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What should be Journal entry for purchase of building from capital reserve account?

Updated: 8/20/2019

Wiki User

∙ 11y ago

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Credit your capital account, debit the freehold property account

Wiki User

∙ 11y ago

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Related questions

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[Debit] Interest on capital account xxxx [credit] Capital account xxxx

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What is the journal entry for unsubscribe capital stock?

There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.

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debit cash /bankcredit capital account

Is cash account temporary account?

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