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Land and building (book value) 160000 …

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Land and building (book value) 160000 sold for 300000 through a broker who charge 2% commission on the deal. Journalise the transaction at dissolution of the firm

Posted by Rohit Patidar 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rani Singh 6 years, 2 months ago

Broker charges rupees 2% is will come 6000 and it will be less from the land and building and the answer will come 294000 and you will directly written in credit side of realisation account and broker charge will be not written any other side and it will directly less from the land and building and you have to write in in realisation account it is credit side

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