Question

Sold furniture of Rs. 30000 and received the amount by cheque of Rs. 26000 Journal entry

Answer 1

Answer:

    Bank A/c Dr.                                        26,000

    Loss On Sales of Furniture A/c Dr.     4,000

         To Furniture A/c                                           30,000

(Being Furniture Sold)

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Answer 2

400

Explanation:

he have to give Rs.more400