Question

purchased shares in ABC for rupees 100000 and brokerage paid @ 2% payment for shares made by cheque and the balance by cash show the journal entries in accountancy

Answer 1

Investment A/c Dr 102000
To Bank A/c 100000
To cash A/c 2000
(being shares purchased and brokerage paid)

Answer 2

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Explanation:

Shares of ABC A/C----'Dr 102000

To Bank A/C--------- 100000

To Cash A/C---------2000

(Being shares of ABC purchased by giving cheque and 2%brokerage paid in cash)