Question

what will be the transaction for purchase furniture on credit​

Answer 1

Answer:

Purchase of Furniture increases the value of an asset and according to the Rules of Debit and Credit, an increase in an asset A/c is debited . ... Hence account of Nived would be credited.

Answer 2

Answer:

Purchase of Furniture increases the value of an asset and according to the Rules of Debit and Credit, an increase in an asset A/c is debited . ... Hence account of Nived would be credited.