what will be the journal entry for this transaction?
purchased furniture for personal use of rupees 2000.
now tell me is it business transaction or a personal
transaction??
- 3 Answers
- 11928 Views
- ICA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / narender kumar
if it is business transaction
it will be:
drawing a/c dr.
To cash a/c
and if it is personal transaction
there will be no entry bcoz of accounting concept.
| Is This Answer Correct ? | 17 Yes | 13 No |
Answer / bishal
Furniture A/C Dr.
To Cash A/C
It is a personal transaction
| Is This Answer Correct ? | 3 Yes | 14 No |
i want the difference p&l a/c and Income and expediture statement
what is budgetory control and what are the types
what is the diffrent between income statement and balancesheet
asked about project work done in mba
i want know how to calculate it in payroll please mail me the percentages using there ?
EXPAND______________RTA?
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
Why profit is a liability and loss is an assets
20 Answers Banesco Seguros, FactSet Systems, IIM, South Indian Bank,
if anybody tell me difference between DD, PO & Cheques
What is Bank Reconcilation statement?
difference between retail invoice & tax invoice
What will be the journal entry of bank charges paid to bank
Audit 
