give journal entry for the below' 1 brokerage due rs 500 2 purchased cow for business rs 20000 - Accountancy - Recording of Transactions - II

Question

give journal entry for the below'
1 brokerage due rs 500
2 purchased cow for business rs 20000

Jayati Jawa · Accepted Answer

Dear Student,

Journal

Date

Particulars
L F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

Brokerage A/c
Dr

500

To Outstanding Brokerage A/c

500

(Brokerage due to be paid)

Livestock A/c
Dr

20,000

To Cash A/c

20,000

(Cow purchased for business
purpose)

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Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

	Brokerage A/c	Dr.		500
	To Outstanding Brokerage A/c				500
	(Brokerage due to be paid)

	Livestock A/c	Dr.		20,000
	To Cash A/c				20,000
	(Cow purchased for business purpose)

give journal entry for the below' 1.brokerage due rs.500 2.purchased cow for business rs.20000