Pass Journal Entry for the following
Mr.A is running Furniture Business. He bought 10 chairs at
Rs.1000 each. He used one chair for his personal use.
Answers were Sorted based on User's Feedback
Answer / satyaki_raju@yahoo.com
Mr Manoranjan you are wrong because A is runnin furniture
business Hence the purchase of chairs is a salable good
The entry will be
Purchase a/c dr 9000
Mr A drawing a/c dr 1000
To Cash a/c 10000
(Being purchase of goods )
sujatha madam you are also wrong You should not pass
furniture entry why because he is doing business with
furniture
As requested by so many I composed 6 sets of question
papers with answer books suitable for accounts and finance
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Is This Answer Correct ? | 46 Yes | 11 No |
Answer / sourabh
purchase a/c dr 10000
cash a/c cr 10000
2nd
drawing a/c dr 1000
purdchase cr 1000
Is This Answer Correct ? | 41 Yes | 11 No |
Answer / manoranjan
furniture a/c dr. 10000
to cash a/c 10000
drawings a/s dr. 1000
to furniture a/c 1000
Is This Answer Correct ? | 40 Yes | 17 No |
Answer / shalini parisha
Purchases A/c Dr......... 9000
A's Drawing A/c Dr....... 1000
To Cash A/c 10,000
(Being Furniture Purchased for Cash)
Is This Answer Correct ? | 19 Yes | 6 No |
Answer / venkat
firniture ac dr 9000
drawings ac dr 1000
to cash ac 10000
Is This Answer Correct ? | 16 Yes | 7 No |
Answer / prem
Purcahse aAc Dr.............1000
To Cash A/c 1000
(Being chair purchased for cash)
Dwaring A/c Dr..............100
To Furniture a/c 100
(being the furniture withdrew for personnal use)
Note:(for 2nd entry) dwaring was made in the fornm of chair
and not in cash, so Mr. Raju sorry to say but ur wrong, it
cant be "To cash A/c" in place of "To furniture A/c"
Is This Answer Correct ? | 14 Yes | 10 No |
Answer / rohit chaudhary
1.purchases A/c...dr 10000
to cash A/c 10000
2.drawings A/c...dr 1000
to purchases A/c 1000
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sa
purchase a/c dr 9000
to cash 9000
drawing a/c dr 1000
to cash 1000
Is This Answer Correct ? | 4 Yes | 3 No |
Answer / thirupathi
furniture a/c dr 9000
to cash a/c 9000
drawing a/c dr 1000
to cash a/c 1000
Is This Answer Correct ? | 10 Yes | 10 No |
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