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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 / saurajit
Purchase a/c dr. 10000
to Cash a/c cr. 10000
And the second entry will be
Drawings a/c dr. 1000
to Purchase a/c 1000
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