Question

journalise the following transaction::=

Goods Costing 23,400 (selling Price 25,700) were used
by the proprietor ishant for personal use.

pls answer fast​

Answer 1

Answer:

Drawing A/C Dr. 23,400

To Purchases A/C 23,400

(Being Goods used by the proprietor for personal use)

Explanation:

If the goods not sold the price is original cost.

there is no any role of selling price in this journal.