Sale of office furniture should be credited to ___ .

Purchase account

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Sales Account

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Furniture Account

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Cash account

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Solution

The correct option is C
Furniture Account

Sale of furniture is credited to furniture account.

Suggest Corrections

Similar questions

The trial balance of Raju showed an excess debit of Rs. 10000. He put the difference to the suspense account and discovered the following errors.

(a) Depreciation written off the furniture Rs. 6,000 was not posted to furniture account.

(b) Credit sales to Rupam Rs. 10,000 were recorded as Rs. 7,000.

(d) Cash sales to Rana Rs. 5,000 were not posted.

(e) Old machinery sold for Rs. 7,000 was credited to sales account.

(f) Discount received Rs. 800 from Kanan on playing cash to him was not posted.

Rectify the errors and prepare a suspense account.

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