Question

sold 20 shares at rupees 65 per share journal entry
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Answer 1

Explanation:

Buyer prospective

Shares(company) a/c. dr

To BANK a/c

Brokerage a/c. dr

To BANK a/c

(Here you can also debit p&l a/c)

Seller prospective

remember one thing here 2 parties involved one is broker and one is company,

Company

Bank a/c Dr

To SHARE CAPITAL a/c

Broker

Bank a/c Dr

To sales a/c