Question

Journal entry for purchase of office equipment for cash

Answer 1

heyaa,,,
office equipment is assets for the business entry will be;
assets a/c Dr
to cash a/c.
(being assets purchased for business)
_____________________________
☺☺☺☺

Answer 2

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect Office equipment account and cash account

Office equipment account- real account (treated as asset )

cash account - real account

by applying the golden rules ,

increase in office equipment ( asset ) and decrease in cash ( asset )

Journal entry

Office equipment A/c Dr

To Cash A/c

( being office equipment purchased )

Hope its useful..!!