Question

Purchased Timber of ₹50,000 for office furniture, out of which

₹10,000 worth timber was used by owner for making furniture for his residence ​

Answer 1

Answer:

furniture A/c Dr 50000

to cash A/c. 40000

to drawing Ac 10000

Explanation:

(being furniture purchased for office use for 50000 out of which 10000 is for personal use)