journal entry

Renu Malik (4 Points)

31 July 2019

Bought 100 shares in Bharat Ltd. @ Rs. 15 per share, brokerage paid Rs. 30.

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3 Replies

Rushabh Kawade (4 Points)
Replied 01 August 2019

Shares in equity A/C ......Dr. 15×100=1500
Brokerage........ Dr. 30
To Bank. 1530

Vinay Nv (Finance and accounts) (28 Points)
Replied 09 August 2019

under which account are we going to create SHARE ON EQUITY.....?

Prakash Patel (8 Points)
Replied 11 August 2019

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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