Is land a credit or debit?

1 answer

Answer

1195572

2026-03-13 10:45

+ Follow

Debit - expense or asset

Credit - income or liability

As land is an asset, it is a debit entry with the credit being to Bank/Cash/Sellor of the land

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.