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 / rohit chaudhary

1.purchases A/c...dr 10000
to cash A/c 10000

2.drawings A/c...dr 1000
to purchases A/c 1000

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What three Specific Job Positions do you target from the Industry

1967


What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1488


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

1554


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1634


How can i do the entry of of service tax in tally.

1647






sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest

1826


please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam

1848


What is Accommodation Bill

1883


What is the use of final account?

1406


I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

3775


I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

1576


Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .

1639


how history is helpful for banking?

1570


what is controlership?

1877


how many types of financial teribuanal? what is that?

1535