what will be the journal entry for this transaction?
purchased furniture for personal use of rupees 2000.
now tell me is it business transaction or a personal
transaction??
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Answer / narender kumar
if it is business transaction
it will be:
drawing a/c dr.
To cash a/c
and if it is personal transaction
there will be no entry bcoz of accounting concept.
| Is This Answer Correct ? | 17 Yes | 13 No |
Answer / bishal
Furniture A/C Dr.
To Cash A/C
It is a personal transaction
| Is This Answer Correct ? | 3 Yes | 14 No |
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