[rf4127]

How would I make a journal entry if I were buying land and a building vs the appraised value which is higher.

[morgaine300]

Cost concept: record at cost, not appraised value.

[dileepasampath]

Historical Cost Concept

[manjola]

What we do to find the right amount for the bank reconciliation when we have the cash transaction, the balance book, and the notes?

[morgaine300]

manjola, first please start your own thread. We'd have a huge mess on our hands if everyone just kept tagging onto everyone else's threads.

Second, you're asking a question that entails a lot of different things. A bank reconciliation is usually about a half chapter's worth of a typical textbook and cannot be explained in a forum situation like this. I could tell you the basic concept, but for most people, that isn't going to tell them how to actually do one.