Question

Prepare furniture account from the following
transactions
May
1
4000
1
Furniture in hand
Furniture purchase of cash
Sold furniture
8000
800
31​. please help me

Answer 1

Answer:

JOURNAL:-

may 1. captial a/c dr

to furniture a/c

2. furniture a/c dr

to cash a/c

3. cash a/c dr

to furniture

LEDGER:-

you will write capital a/c in credit for may 1, for may 2 you will write cash a/c in dr and for the final entry you will write cash a/c in cr.