Yes, the down payment can be cash or land value, which could include building, structures, along with other site enhancements that'll be area of the project property, formerly acquired.
[Debit] Down payment xxxx [Credit] cash xxxx
A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.
Debit down paymentCredit Cash
cash book
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
amount finaced=cash price - down payment
cash payment limited for budget 2010-2011
down payment
down payment
amount financed= cash price- down payment
down payment
down payment