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

Answer / satyaki_raju@yahoo.com

Mr Manoranjan you are wrong because A is runnin furniture
business Hence the purchase of chairs is a salable good
The entry will be
Purchase a/c dr 9000
Mr A drawing a/c dr 1000
To Cash a/c 10000
(Being purchase of goods )
sujatha madam you are also wrong You should not pass
furniture entry why because he is doing business with
furniture
As requested by so many I composed 6 sets of question
papers with answer books suitable for accounts and finance
interviews. If needed pl send you e-mail

Is This Answer Correct ?    46 Yes 11 No

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

Answer / sourabh

purchase a/c dr 10000
cash a/c cr 10000


2nd
drawing a/c dr 1000
purdchase cr 1000

Is This Answer Correct ?    41 Yes 11 No

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

Answer / manoranjan

furniture a/c dr. 10000
to cash a/c 10000



drawings a/s dr. 1000
to furniture a/c 1000

Is This Answer Correct ?    40 Yes 17 No

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

Answer / shalini parisha

Purchases A/c Dr......... 9000
A's Drawing A/c Dr....... 1000
To Cash A/c 10,000

(Being Furniture Purchased for Cash)

Is This Answer Correct ?    19 Yes 6 No

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

Answer / ahasan ali

Drawing A/c Dr 1000
Purchase A/c Cr 1000

Is This Answer Correct ?    30 Yes 21 No

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

Answer / venkat

firniture ac dr 9000
drawings ac dr 1000
to cash ac 10000

Is This Answer Correct ?    16 Yes 7 No

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

Answer / prem

Purcahse aAc Dr.............1000
To Cash A/c 1000
(Being chair purchased for cash)


Dwaring A/c Dr..............100
To Furniture a/c 100
(being the furniture withdrew for personnal use)


Note:(for 2nd entry) dwaring was made in the fornm of chair
and not in cash, so Mr. Raju sorry to say but ur wrong, it
cant be "To cash A/c" in place of "To furniture A/c"

Is This Answer Correct ?    14 Yes 10 No

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

Answer / rohit chaudhary

1.purchases A/c...dr 10000
to cash A/c 10000

2.drawings A/c...dr 1000
to purchases A/c 1000

Is This Answer Correct ?    4 Yes 0 No

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

Answer / sa

purchase a/c dr 9000
to cash 9000



drawing a/c dr 1000
to cash 1000

Is This Answer Correct ?    4 Yes 3 No

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

Answer / thirupathi

furniture a/c dr 9000
to cash a/c 9000


drawing a/c dr 1000
to cash a/c 1000

Is This Answer Correct ?    10 Yes 10 No

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