Accountancy, asked by saudganesh48, 11 months ago

journal entry of purchase furniture on account​

Answers

Answered by jyothisurisetti
1

Explanation:

Debit: Office Expense (an expense account), Credit: Cash (or Accounts Payable). If the cost of the purchased furniture is a significant amount (say $10,000, for example), the proper entry would be: Debit: Office Furniture (an asset account), Credit: Cash (or Accounts Payable).

Answered by sumairamalik209
2

Answer:

purchase furniture / account payable

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