Question

Furniture purchased on credit is recorded in: ​

Answer 1

Explanation:

The book in which the transaction is recorded for the first time is called journal or book of original entry. Hence, the purchase of furniture on credit transaction should be recorded in journal proper.

Answer 2

Furniture purchased on credit is recorded in Journal Proper.

Features of Journal Proper:

• The Journal Proper is the book in which miscellaneous credit transactions which do not fit in other transactions are recorded
• The closing entries, transfer entries, and adjustment entries are recorded in journal proper
• The Journal proper is used for original record of any subsidiary books of accounting and it is also called miscellaneous journal
• The journal entries contain many types of elements such as in the account holder, and footer are described in journal entries
• The journal proper is also used in the business transaction to make records