Question

purchased land for rs 200000 and paid 1% as brokerage and rs 15000 as registration charges on it

Answer 1

Hey mate!

Building a/c dr. 217000

To Bank a/c 217000

( Being purchased land and paid for brokerage and registration charges)

Reason:

Expenses incurred for purchasing fixed assets or installing must be included in respective asset a/c.

Hope it helps...

Answer 2

Answer:

Building A/C dr. 217000

To bank A/C 217000