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 transactions. 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 )

Answer 2

the answer is
brokerage account dr. 500
to o/s brokerage account 500
(being brokerage due to us)