Question

purchase a computer for office journal entry

Answer 1

Office equipment a/c Dr
To cash a/c

Answer 2

Office equipment a/c Dr

To cash a/c

Explanation:

In this particular question the firm is purchasing a computer for office uses. This is essentially means that cash is going out to buy the requirements. We can use golden rule of accounting to easily figure out what kind of journal entry we should pass for this transaction.

Here office equipment account is debited due to the fact that it's a current asset and when current assets increase with debit time. Since cash is going out to buy this particular item we are crediting cash as a decrease in our current asset that is cash. Hence the given entry is valid .

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Journal entry of  opened a current account in bank of baroda by depositing Rs 75000.

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