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exchanged old furniture for new,the value of old furniture
was rs 350 while the vaue of new furniture was rs 900
balance paid in cash
what will be the journal entry according to you
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Answer Posted / yogendra.c
Dr. (New)Furniture A/c - 900 (Real A/c, Dr.Comes in)
Cr. (Old)Furniture A/c -350 (Real A/c, Cr. Goes out)
Cr. Cash A/c - 550 (Real A/c, Cr. Goes out)
| Is This Answer Correct ? | 7 Yes | 2 No |
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