Question

purchased furniture from godrej co

Answer 1

Journal Entry

Furniture A/c  Dr

        To Godrej Co A/c

(being furniture purchased)

# I assume its a credit purchase

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Reason

Furniture is the asset to the company therefore its debited

Godrej Company is the creditor who gives the furniture to us therefore its credited

Answer 2

Journal Entry :

Furniture A/C      Dr    Rs.xxx

       To Godrej A/C      Rs.xxx

(Being Furniture bought from Godrej)

Explanation:

Furniture bought is an asset. Hence, it is debited.

We purchased furniture on credit from Godrej. Godrej Co. is our creditor. Hence, credited.