Question

Transaction: Bought furniture for cash ₹5,000. Under modern rules, the correct entry is:

• A. Cash A/c Dr 5,000; Furniture A/c Cr 5,000
• B. Furniture A/c Dr 5,000; Purchases A/c Cr 5,000
• C. Furniture A/c Dr 5,000; Cash A/c Cr 5,000
• D. Drawings A/c Dr 5,000; Cash A/c Cr 5,000

Answer 1

Answer:

C. Furniture A/c Dr 5,000; Cash A/c Cr 5,000

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