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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 / manish vatsaya
(1)Purchase A/c Dr. 10000
To,Cash/Bank 10000
(Being purchase chair)
(2)Mr.A A/c Dr. 1000
To,Sale A/c 1000
(Being sale chair)
| Is This Answer Correct ? | 1 Yes | 8 No |
Answer / praveen
furniture & fixtures a/c 1000
to cash a/c 1000
( being chair purchased for office use )
purchases a/c dr 9000
to cash a/c 9000
( being goods purchased )
| Is This Answer Correct ? | 5 Yes | 18 No |
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