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.
- 32 Answers
- 33741 Views
- Genpact, IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
which are the basic princeples of accountancy... with examples
what is the cost and financial accounting? what is double entry system ?
Define Bill of Exchange
Short Answer on _________________City Compensatory allowance
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
what is Contra Asset?
explain the difference between LIFO and FIFO?
What problems might be encountered if there were no accounting standards?
What is the definition of LOSS. Give the formula if any.
How to Calculate PF with interest or without interest.
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
Short Answer on __________Trade
How goodwill is accounted for the first time in a company .
In SAP FICO How many ways we are Procuring the assets in the Company?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
