Question

purchase one table rupees 10,000 6 office chairs of rupees 1500 each and one revolving chair for rupees 8000​

Answer 1

Answer:

Furniture A/c          Dr          27,000

    To Cash A/c                    27,000

Explanation:

Since all expenses relate to office furniture they can be combined under the account 'Furniture' or 'Furniture and Fixtures'

Total cost would be 10,000 (for table) + 9,000 (= 1,500 X 6 for 6 chairs) + 8,000 = 27,000

Since these are tangible assets, they follow the rule of real accounts - Debit what comes in (furniture) and credit what goes out (cash / payment)