Question

Journal entry for furniture assets

Answer 1

furniture ac.......dr
To cash

Answer 2

Journal Entry

Explanation:

                                   Books of (---- Limited)

                                        Journal entry

Date     Account Title and Explanation    Debit   Credit

           Furniture                 A/c Dr.               xxx

            To Cash / Bank     A/c                                   xxx

                   (Being furniture buy from cash or bank)

Note: According to journal rule, what goes out from business will be credit. So, cash will be credit.

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