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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 Posted / 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 |
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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