Question

Prepare furniture a/c from the following transaction 2016
Jan1 furniture in hand. 1 purchased furniture for cash. 4000
30 sold furniture. 400

Answer 1

1. furniture acc dr. 4000

To cash account 4000

2. sales acc dr. 400

To furniture 400

Answer 2

Jan 1 . Furniture A/C dr.
To cash A/C
(Furniture purchase for cash ₹4000)

Jan 30. Cash A/C dr.
To furniture A/C
( sale of furniture for cash ₹400