purchased a building of rs
21000000 and paid Commission to a broker of rupees 15000 and 75000 as registration charges all the payment by cheque show the journal entries in accountancy
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Journal Entry
Building A/c Dr 21090000
To Bank A/c 21090000
(being building purchased and commission and broker charges paid)
Reason
Expenses incurred for purchasing fixed assets or installing it must be included in assets account
Building A/c Dr 21090000
To Bank A/c 21090000
(being building purchased and commission and broker charges paid)
Reason
Expenses incurred for purchasing fixed assets or installing it must be included in assets account
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