Question

I want the deep explanation of the transaction furniture in hand

Answer 1

The furniture is an asset. What comes in business will be debited. In this transaction, furniture comes in the business. Hence, "Furniture A/c" is debited and the capital expenditure spent for asset is also debited. In this transaction amount spent on repairs of old furniture should be debited to "Furniture a/c". We paid cash for purchasing old furniture hence, "Cash A/c" is credited.