Answer to Question #187190 in Accounting for shivani savaliya

Question #187190

purchased furniture for Rs. 300000/- what is the journal entry for it?

Expert's answer

Debit: Furniture Inventory Purchased (a component of “Cost of Goods Sold” expense)(Ksh. 300,000)

Credit: Cash/Accounts Payable (Ksh. 300,000)

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