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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.
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Answer / chandu
purchase a/c dr 9000
to cash 9000
being purchasing goods
according to business entity concept owner personal transactions should not be recorded in the books of accounts.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / amu
purchase a/c dr......10000
to capital a/c 9000
to drawings a/c 1000
(being: mr. a started furniture business with chairs & one
chair used for personal use).
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / vijaykumar
Furniture a/c dr 9,000
Drawing a/c dr 1,000
To cash a/c 10,000
(narration : being 10 chairs purchase @ Rs. 1000/- each
for business use and 1 chair he used for his personal use
Rs. 1000/-)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kavita
I too agree with
firniture ac dr 9000
drawings ac dr 1000
to cash ac 10000
Mr.Satyaki Raju, Pls send your 6 sets of questions paper
along with answer booklet to kavita.lal@gmail.com
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / neha agarwal
Purchase A/C....Dr 9000
Drawing A/C....DR 1000
To Cash A/C 10000
(Being 9 chairs purchased for business purpose and one chair for his personal use)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kadavul
furniture alc dr
drawing a/c dr
discound allowed dr
to cash
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghvendra prasad.k
Furniture a/c Dr/ 10000
TO cash a/c 10000
Drawing A/c Dr 1000
To cash A/C 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dharam singh
Cash A/c....Dr. 9000
Drawing A/C.Dr. 1000
To Capital Introduced A/C 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gagan kumar
At the time of purchase
Purchase a/c Dr....... 10000
To cash a/c......... 10000
At the time of withdraw a chair for personal use
Drawing a/c Dr... 1000
To purchase a/c... 1000
Because 1 chair is used so it will be deduct in the purchase.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saurajit
Purchase a/c dr. 10000
to Cash a/c cr. 10000
And the second entry will be
Drawings a/c dr. 1000
to Purchase a/c 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
where the closing stock appear in Trial Balance?
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