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Hi, Can you please reply below answer 1. If a sole trader purchases Furniture for Rs.50,000/- for business use, paying by cheque, when completing his
Hi,
Can you please reply below answer
1. If a sole trader purchases Furniture for Rs.50,000/- for business use, paying by cheque, when
completing his double entry accounts he will:-
a) Debit furniture account and credit cash account
b) Credit furniture account and debit bank account
c) Debit furniture account and credit bank account (x)
d) Debit furniture account and credit capital account
e) None of the above
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