Question

Give journal entry transaction Purchased Building for a 200000 and paid
2%brokerage on its purchase. Also incurred
24000 on Its registration payment for building
was made by cheque and broverage and regist
-ration charges were paid in cash
.​

Answer 1

Explanation:

Building a/c dr. 2,28,000

To bank a/c cr. 2,00,000

To cash a/c cr. 28,000