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Question:

Complete the following journal entries left blank in the books of VK Ltd: VK Ltd. Journal Date Particulars L.F Debit Amount Rs. Credit Amount Rs. 2018 February 01 ________ Dr _______ (Purchased own 500,9?

Solution:

VK Ltd.
Journal
Date Particulars L.F Debit Amount Rs. Credit Amount Rs.
2018
February 01 Buildings A/c Dr 500,000
To Cash/Bank A/c 500,000
(Being building purchased)

Note: The question is incomplete and doesn't provide the complete details of the transaction. The solution assumes that the company purchased a building for Rs. 500,000. The account to be credited (Cash or Bank) depends on the mode of payment.