debit household furniture
credit cash / bank
furniture a/c dr to cash a/c
[Debit] purchased goods 15000 [Credit] cash 15000
Furniture a/c dr. To capital a/c
[Debit] Furniture [Credit] Cash / bank
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
furniture a/c dr to cash a/c
[Debit] purchased goods 15000 [Credit] cash 15000
Furniture a/c dr. To capital a/c
[Debit] Furniture [Credit] Cash / bank
Furniture is depreciated as it is tangible assets while intangible assets are amortized.Debit depreciationCredit Furniture
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
what is the journal entry for purchase returns
[Debit] Purchase Return [Credit] Purchases
debit assetsCredit liabilitiesCredit cash
Debit software purchase accountCredit cash / bank
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
[Debit] Office furniture [Credit]Owner equity / Retained Earnings