Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


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.

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 / r sujatha

he is using one chair but he purchased 10 chairs

so

furniture a/c Dr(for10 chairs)
Cash A/c

Is This Answer Correct ?    30 Yes 31 No

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

Answer / jaya trilokani

PURCHASE A/C DR 9000
DRAWING A/C DR 1000
TO CASH 10000

Is This Answer Correct ?    0 Yes 1 No

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

Answer / smart_tina6

Mr.Satyaki Raju, Pls send your 6 sets of questions paper
along with answer booklet to smart_tina6@yahoo.com

Is This Answer Correct ?    2 Yes 4 No

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

Answer / faiz

furniture a/c .......... dr 9000
drawing a/c ........... dr 1000
To cash ................. 10000
(narration : being 10 chairs purchase for furniture
business and 1 chair used for private use)

Is This Answer Correct ?    2 Yes 4 No

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

Answer / safeer

furniture A/c Dr 10000 -
fixed asset a/c Dr 1000 -
To capital a/c 9000
(being the 10 chairs purchased & one is used for personal
use)

Is This Answer Correct ?    1 Yes 3 No

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

Answer / imran

goods a/c Dr 1000*9 9000 -
To cash/Bank a/c - 9000
(Being goods purchased )

Furniture a/c Dr 1000*1 1000 -
To Fixed asset a/c - 1000
(being 1 furnituer is used as personal)

Is This Answer Correct ?    1 Yes 3 No

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

Answer / priya

Purchases a/c dr
To cash/bank a/c

Drawings a/c dr
To purchases a/c

here goods are taken for personal use so purchases a/c has
to credited ,If cash is taken for personal use cash has to
be credited

Is This Answer Correct ?    2 Yes 5 No

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

Answer / swetha

PURCHASE AC DR 10000
TO Mr. A AC 10000
DRAWINGS AC DR 1000
TO PURCHASE AC 1000

Is This Answer Correct ?    1 Yes 4 No

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

Answer / satendra rawat

1)purcahse a/c 10000.00 DR

party a/c 10000.00 CR

2) A's Capital a/c 1000.00 DR
Purchase a/c 1000.00 CR

Is This Answer Correct ?    0 Yes 4 No

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

Answer / manish vatsaya

Purchase A/c----------------Dr.9000.00
A'S Capital A/c-----------------Dr.1000.00

To,Cash/Ban ----------------10000.00

Is This Answer Correct ?    1 Yes 6 No

Post New Answer

More Accounting AllOther Interview Questions

Expand ITAT?

1 Answers  


What is CMA Data? Explain in detail.

14 Answers   Garware, KK Capital, MR Constructions, nsdl,


WHAT IS 'ABSORPTION AND CONSOLIDATION'?

1 Answers   BA Continnum Solutions, Bank Of America,


EXPAND_______________TOT

2 Answers  


find the sum of all the numbers 1 to 1000

14 Answers   Sutherland,


Expand---------MRDT

0 Answers  


what is the difference between share and debenture

1 Answers  


what is difference between private firm and partnership firm?

1 Answers   Allianz, Don Bosco,


PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?

1 Answers   URC Construction,


What Do u mean by deffered Tax Liability

1 Answers  


WHAT IS TAX AUDIT? WHY & WHEN IT IS REQUIRE?

2 Answers  


Expand I T O

1 Answers  


Categories