A furniture of book value of ₹ 15,000 was sold for ₹ 6,000 and new furniture was purchased for ₹ 20,000. Furniture Account is debited with ₹ _________.
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Furniture Acccount will be debited with ₹ 20,000. Amount related to sale of furniture will be Credited to Furniture Account.
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Proprietor of the firm has withdrawn goods for his personal use. The accountant has recorded it as sale in the books of accounts. Is he correct in doing so?