Question

Furniture purchased from murari for cash

Answer 1

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

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Furniture A/c - real A/c , asset comes into the business , therefore its debited  

Cash A/c - real A/c , money goes out of the company therefore its credited

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Journal entry

Furniture  A/c  Dr     

              To cash A/c                      

(being furniture purchased from murari )