Question

bought 100 shares in ambani electronic ltd.@ 10 per share and paid brokerage 40 .....journal entry​

Answer 1

Answer:

ambani shares a/c .......dr 10000

brokerage a/c ...............dr 400

To casha/c 10400

Answer 2

Answer:

purchases accounts dr. 1000

brokerage account dr. 40

To cash account. 1040