Question

Q no 22
goods used for household 2000

Answer 1

Hyyy dear it's journal entrie is ...
Drawings A/c. Dr. 2000
To Goods A/c. 2000
Hope it will help...

Answer 2

Goods used for household is a personal transaction.

As per the Business Entity Concept, we should not club business transactions with personal transactions.

Goods withdrawn for personal use is DRAWINGS from the business.

When goods are withdrawn, purchases decreases .

Journal Entry :

Drawings A/C. Dr. Rs. 2000

To. Purchases A/C. Rs.2000

(Being goods withdrawn for personal use)