Question

Purchase land for rs200000 and 1% as brokerage and rs15000 as registration charges on it

Answer 1

total cost of land is 217000

Answer 2

Answer:Land a/c. (D.r) 217000

To bank a/c. 217000

(Land purchased for 200000 and paid brokerage at 1 % (200000×1÷100=2000) and registration charges of 15000 (200000+2000+15000 =217000)

Explanation: