hey guys.... here is my question.
Ryan is a furniture dealer. Which one of the following will not be recorded in his book?
a. Purchase of timber for rp 50000.
b. Sofa set worth of rp. 40000 taken to his home.
c. Sale of household furniture for rp 5000.
d. Dining table of rp. 30000 given to his friend as gift.
Answers
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Answer:
Option C is the answer
Explanation:
Being a furniture dealer, the purchase of timber is bought for business purpose so it will be recorded in the books, the sofa set taken to his home will be also be recorded as drawings, gifting the item to friend will also be recorded in the books. The sale of household furniture will not be recorded because it is not involved a transaction which is not related to business. So, will not be posted in the books.
Therefore, the correct option is C.
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