Commission & Brockrage

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Chief Accountant
2828 Points Joined December 2007

Hi Guyes


Q. If property is taken on lease for 5 years, then what is the accounting treatment for the commission Brockrage charges paid to a brocker in respect of that property?


Thanks & Regards

Amit B......... keepSmiling......... ;-)

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On 13 January 2011 at 17:32 Report
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article assistant
72 Points Joined July 2010

 Bank account    DR 

   To lessors account

  To broker s account

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On 13 January 2011 at 18:03
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Chartered Accountant
14243 Points Joined February 2009

It shall be treated as expense and will be debited to P/L 

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On 13 January 2011 at 18:34


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