Question

issue cheque for personal expense . journal entry ​

Answer 1

Answer:

Cheque issued… credit what goes out..

To Ram…since above transaction is not done on credit basis he is not our creditor..

For furniture… when assets are purchased we open a separate asset a/c of such asset..

Therefore entry is..

Furniture a/c Dr.

To Bank a/c.

(Being cheque issued for the purchase of furniture)