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.

Answer Posted / ahasan ali

Drawing A/c Dr 1000
Purchase A/c Cr 1000

Is This Answer Correct ?    30 Yes 21 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define `Realisation` Account? Explain the salient features?

2555


Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

1938


how to maintain stock if any entry mismatch pllzz tell me short cut

1072


Expand---------SDRT?

1462


How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under

1377






Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1504


can i have practical examples of AS-30

1953


Who will be called as consignee

1630


How are fund-raising and publicity and management and administration costs apportioned over funds?

1494


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1629


What is the procedure to become charted accountant in India now. Please answer this is urgent

1060


what is meant by virus

7079


how will i develop my fears in interviewd?

1591


institutional investors?

1550


what is the subprime?explain it.

1787