1. Categories >> Accounting >> Accounting AllOther
  2. Suggest New Category

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.

Question Posted / sr

Answers were Sorted based on User's Feedback



Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / chandu

purchase a/c dr 9000
to cash 9000

being purchasing goods
according to business entity concept owner personal transactions should not be recorded in the books of accounts.

Is This Answer Correct ?    3 Yes 3 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / amu

purchase a/c dr......10000
to capital a/c 9000
to drawings a/c 1000
(being: mr. a started furniture business with chairs & one
chair used for personal use).

Is This Answer Correct ?    2 Yes 2 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / vijaykumar

Furniture a/c dr 9,000
Drawing a/c dr 1,000
To cash a/c 10,000
(narration : being 10 chairs purchase @ Rs. 1000/- each
for business use and 1 chair he used for his personal use
Rs. 1000/-)

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / kavita

I too agree with
firniture ac dr 9000
drawings ac dr 1000
to cash ac 10000
Mr.Satyaki Raju, Pls send your 6 sets of questions paper
along with answer booklet to kavita.lal@gmail.com

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / neha agarwal

Purchase A/C....Dr 9000
Drawing A/C....DR 1000
To Cash A/C 10000
(Being 9 chairs purchased for business purpose and one chair for his personal use)

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / kadavul

furniture alc dr
drawing a/c dr
discound allowed dr
to cash

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / raghvendra prasad.k

Furniture a/c Dr/ 10000

TO cash a/c 10000



Drawing A/c Dr 1000
To cash A/C 1000

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / dharam singh

Cash A/c....Dr. 9000
Drawing A/C.Dr. 1000

To Capital Introduced A/C 10000

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / gagan kumar

At the time of purchase

Purchase a/c Dr....... 10000
 To cash a/c......... 10000

At the time of withdraw a chair for personal use

Drawing a/c Dr... 1000
To purchase a/c... 1000

Because 1 chair is used so it will be deduct in the purchase.

Is This Answer Correct ?    0 Yes 0 No

Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at R..

Answer / 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

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

what is investment banking

0 Answers   RBI, State Bank Of India SBI,

What's COOP

1 Answers  

Expand ________FBT

4 Answers  

Expand---------TMG

1 Answers  

We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

0 Answers   Vini,




what is fundamentals of accounting ?

15 Answers  

Who will be called as consignee

0 Answers  

i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

0 Answers   Genpact,

OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

0 Answers  

whatis mean by accured income?

6 Answers   Capital IQ, TATA,

Hi, I have SBH interview on 28th May, I want to know which general questions will be asked and how many candidates they have called?

2 Answers   Syntel, Wipro,

what is the diff between CASH CREDIT limit & margin.

1 Answers   TCS,

For more Accounting AllOther Interview Questions Click Here
Categories