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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 / 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 |
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