Question

sold 1000 shares for ₹100 each and paid brokerage @1% and amount credited to our account .. journal entry​

Answer 1

Answer:bank a/c 99,000

To sales a/c 99,000

Explanation:

Answer 2

Given: Sold 1000 shares for ₹100 each

Total amount received by the shares $=1000\times 100$

$=Rs\ 100000$

Paid brokerage=$\frac{1}{100}\times100000$

$=Rs\ 1000$

Hence actual amount credited in the account $=100000-1000$

$=99000$