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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 Posted / prem
Purcahse aAc Dr.............1000
To Cash A/c 1000
(Being chair purchased for cash)
Dwaring A/c Dr..............100
To Furniture a/c 100
(being the furniture withdrew for personnal use)
Note:(for 2nd entry) dwaring was made in the fornm of chair
and not in cash, so Mr. Raju sorry to say but ur wrong, it
cant be "To cash A/c" in place of "To furniture A/c"
| Is This Answer Correct ? | 14 Yes | 10 No |
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