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journal entry
Bought 100 shares in Bharat Ltd. @ Rs. 15 per share, brokerage paid Rs. 30.
Replies (3)
Shares in equity A/C ......Dr. 15×100=1500
Brokerage........ Dr. 30
To Bank. 1530
Brokerage........ Dr. 30
To Bank. 1530
under which account are we going to create SHARE ON EQUITY.....?
investment in share a/c ...Dr. 100*15+30=1530 and if it is paid by cheque then bank a/c CR.or by cash then Cash a/c Cr..to 1530.
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