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    ndurocher's Avatar
    ndurocher Posts: 1, Reputation: 1
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    #1

    Jan 24, 2009, 08:59 PM
    How to journalize a difference of land in a balance sheet
    How to journalize a difference of land in a balance sheet
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jan 25, 2009, 01:05 AM

    Land Account DEBIT = $ xxxx
    Sharehoder's Funds CREDIT = $ xxxx

    xxxx being the difference of land if the
    new valuation creates a positive amount.
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