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Land and Building (book value) Rs.1,60,000 sold for Rs.3,00,000 through a broker who charged 2%

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asked Dec 12, 2018 in Class 12 by kratos

Land and Building (book value) Rs.1,60,000 sold for Rs.3,00,000 through a broker who charged 2% commission on the deal. Journalise the transaction, at the time of dissolution of the firm.

issue of shares and debentures
discount and commission
class-8
commercial arithmetic
introduction of financial statement of company
financial statements of not for profit organisations
class-12
company accounts

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1 Answer

+3 votes

answered May 30, 2020 by kratos

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                **Journal entries**

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