Land purchase at settlement
Can you please help me to record journal entries for Land purchase at settlement? I have the statement from conveyancer with all the expences, deposit and contribution from the owner.
Forum Discussion
Hi danalgama,
It's great to have you here in the Community Forum!
Thanks for your post. In the process of recording the journal entry, you may refer to this helpful article, Recording a Journal Entry, which will walk you through the process. However, for recording a land purchase entry, I strongly recommend discussing it with your certified accountant, as they have complete knowledge on how to record it properly.
Should you require additional assistance, don't hesitate to respond. We also encourage you to connect with our virtual assistant, MOCA, through this link: myob.com/support, for prompt support.
Otherwise, if my response has answered your inquiry, please click "Accept as Solution" to help other users find this.
Kind regards,
Shella
