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.

Answer Posted / neha agarwal

Purchase A/C....Dr 9000
Drawing A/C....DR 1000
To Cash A/C 10000
(Being 9 chairs purchased for business purpose and one chair for his personal use)

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Anyone whose sbi interview has been over , please share all the question asked by them

1512


WHAT IS CORPORATE ACTION?

1621


Meaning of portfolio management?

1618


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

1930


How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?

1461






sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..

1562


Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

6114


Please explain a Representative Personal Account.

1616


DEfine SAP

1653


OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

1545


What is Financial planning?

1611


Define the word Profit in terms of business

1693


I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks

1467


we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

1494


Provision of Bad Debts is made in compliance with the convention of -----------

1452