Accountancy, asked by abhinab92, 11 months ago

purchased furniture for cash journal entry.

Answers

Answered by sandeepkm3666
4

Answer:

pleaze.....mark it as brainliest ? ?  

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).

Explanation:

pleaze.....mark it as brainliest ? ?  

pleaze.....mark it as brainliest ? ?  

pleaze.....mark it as brainliest ? ?  

pleaze.....mark it as brainliest ? ?  

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