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 are not needed, so if you don't know the answer then please don't waste your time on this question​

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