Sold household furniture and paid the amount into Business 2,000. what

1.	Sold household furniture and paid the amount into Business 2,000. what is the journal entry ?
Answer» "The entry to SELL the household FURNITURE will be: Cash/Bank a/c dr. 2000 To Furniture a/c. 2000 Since the household furniture is SOLD hence the MONEY that is earned by it will be invested in a business, hence the above entry will be final. Since, after that, the furniture will be sold SUCCESSFULLY. "

Sold household furniture and paid the amount into Business 2,000. what is the journal entry ?

Answer»

"The entry to SELL the household FURNITURE will be:

Cash/Bank a/c dr. 2000

To Furniture a/c. 2000

Since the household furniture is SOLD hence the MONEY that is earned by it will be invested in a business, hence the above entry will be final.

Since, after that, the furniture will be sold SUCCESSFULLY.

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Sold household furniture and paid the amount into Business 2,000. what is the journal entry ?

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