furniture sold for 1,77,000 and payment received by cheque and cheque deposited into bank on same day. what will be the entry for this transaction ? Share with your friends Share 0 Gurinder Kaur answered this Relation of partner with firm 0 View Full Answer Ajay Jha answered this Bank A/c .........Dr 1,77,000 To Furniture A/c. 1,77,000 (Being .............) 0