Question

furniture purchased for cash pass the journal entry

Answer 1

Furniture A/C.   Dr. Rs.xxx    To Cash A/C. Rs.xxx (Being Furniture purchased for cash)

Answer 2

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Furniture account dr.

...... To cash a/c...

[being furniture purchase on cash.] °

Furniture is an asset and asset nature is debit so if furniture is come in the business then debit debit increase hence furniture account is debited for business..

On the other hand cash is goes out of the business hence its credited side to business..


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