Results 1 to 2 of 2

Thread: Land & Building

  1. #1
    New Member
    Join Date
    Jun 2020
    Location
    Gauteng
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Land & Building

    What are the transactions in Sage Pastel Partner Version 19 for updating the balance to match the bank balance.

    Thank you.

  2. #2
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    Hi Zelda, I assume the bank balance is the mortgage bond balance, a long term loan, whereas land & buildings are a fixed asset.

    So perhaps you should change the the liability in your books by crediting the loan with the interest, and debiting finance charges expense account, which actually should agree with the IT3(b). I assume the monthly payments have been accounted for.

Similar Threads

  1. Free Land
    By Colonel in forum South African Politics Forum
    Replies: 2
    Last Post: 21-Nov-18, 08:55 AM
  2. Land swop
    By QRS in forum Accounting Forum
    Replies: 1
    Last Post: 11-Jan-13, 12:11 PM
  3. Government land donations
    By Nickolai Naydenov in forum General Chat Forum
    Replies: 8
    Last Post: 24-Sep-12, 04:36 PM
  4. Land ownership restrictions?
    By garthu in forum South African Politics Forum
    Replies: 10
    Last Post: 20-Mar-11, 09:31 AM
  5. land reform
    By murdock in forum General Chat Forum
    Replies: 13
    Last Post: 15-Mar-10, 05:41 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •