Accountancy, asked by nidhilalwani78, 1 year ago

Can shares be purchased on credit?if yes,what is the journal entry?

Answers

Answered by saurav789
0
Well good question, always remember one thing ,In accounting while writing entries they are 2 prospectives

Buyer prospective (books of buyer)

Seller prospective (books of sellers)

Buyer prospective

Shares(company) a/c. dr

To BANK a/c

Brokerage a/c. dr

nidhilalwani78: Hey!!.. could you please make it more precise
saurav789: apologies i didn't understand
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