Pass Journal Entry for the following Mr.A is running Furniture Business. He bou

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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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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