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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.

Question Posted / sr

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Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / manish vatsaya

(1)Purchase A/c Dr. 10000

To,Cash/Bank 10000

(Being purchase chair)

(2)Mr.A A/c Dr. 1000
To,Sale A/c 1000

(Being sale chair)

Is This Answer Correct ?    1 Yes 8 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / praveen

furniture & fixtures a/c 1000
to cash a/c 1000
( being chair purchased for office use )

purchases a/c dr 9000
to cash a/c 9000
( being goods purchased )

Is This Answer Correct ?    5 Yes 18 No

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