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
- 11905 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 |
What is bank Reconciliation Statement?
Expand ------RGGVY
Who would NOT be considered "independent" in the context of an independent examiner?
Give a brief explanation of the fundamental accounting concept of prudence
What are Entry in Tally of payment from Creadit card of Petrol and Diesel ?
5 Answers Indian Driving School,
where can i get APGENCO jr Accounts officer test question paper
1 Answers APGenco, apspdcl, JAO,
who introduces the single entry format?
what is accounting standard?
Explain PRICE RATE and also COST RATE.
What you mean by Accruals
write about an e-mail to manager seeking permission for leave
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Audit 
