Question

give journal entry for the below' 1.brokerage due to us Rs.500

Answer 1

Brokerage due to us Rs500

This journal entry also plays an important role in accounting, i e it means a special entry is recorded in journal and a special account is also prepared for that purpose...


JOURNAL ENTRY - -

Brokerage a/c Dr. 500


To Outstanding brokerage a/c 500

( being brokerage due to us )