What is accounting journal entry for stamp duty?

A stamp duty is typically recorded as an expense in the accounting journal. The journal entry would involve debiting the appropriate expense account (e.g., "Stamp Duty Expense") and crediting the cash or Accounts Payable account, depending on whether the payment is made immediately or deferred. For example, if a company pays $1,000 in stamp duty, the entry would be:

Debit: Stamp Duty Expense $1,000
Credit: Cash/Accounts Payable $1,000.