Question

Bought a shop for ` 60,000 by issuing cheque, however, brokerage 1% and

registration charges ` 4,000 were paid in cash. journal entry please.

irrelevant answers will be reported

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Answer 1

Answer:

Shop A/c Dr. 60600

Brokerage A/c Dr. 600

Registration Charges A/c Dr. 4000

To Bank A/c 60000

To Cash A/c 4600