Question

Furniture Withdrawn For Personal Use

Answer 1

Answer:

Capital A/c. Dr

to Furniture A/c

Explanation:

1)Furniture is an asset and have Debit balance If furniture is withdraw then It's value get less therefore It's Credited

2) According to above Question if it's withdraw by owner of Business then value is deducted from his capital.

And capital have credit balance For reducing value from capital it have debited.