Question

office equipments purchased on credit will be recorded in

Answer 1

The Journal Entry for the above transaction will be : Office Equipments A/C.  Dr Rs.xxx      To Creditors A/C (Being Office equipment purchased) This above transaction will be recorded in JOURNAL Book( JOURNAL PROPER) first, then is subsequently posted to LEDGER. And while preparing Final Accounts, shown on the Assets of BALANCE SHEET

Answer 2

Office equipments purchased on credit will be recorded in :- 1. Journal 2. Ledger 3. Trial Balance