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Journal entry

This query is : Resolved 
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(Querist)
14 May 2013 owner purchase furniture 5000 for company by
personal credit card .

what are journal entry?
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CA rohit swami

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CA rohit swami (Expert)
14 May 2013 1. FURNITURE A/C DR. 5000
TO MR.X 5000
(BEING FURNITURE PURCHASE THROUGH MR X.A/C USEING NET BANKING OR OTHER)

2. MR. X A/C DR. 5000
TO CASH /BANK 5000
(BEING CASH/BANK PAID TO MR. X)


REGARDS, ROHIT SWAMI
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Guest

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Guest (Expert)
15 May 2013 A direct entry may also be purchased,
Furniture Dr.
to Bank a/c cr.
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