Accountancy, asked by nive85, 7 months ago

what is the journal entry of purchased office equipment on account​

Answers

Answered by presentmoment
5

The Journal entry for the Purchase office Equipment on account will be:

Office Equipment a/c      dr  

        To Accounts Payable a/c

A purchase of Office Equipment by the company on account is considered as the purchase of Office Equipment on credit. Therefore, the Journal Entry should be the debit to office equipment account and credit to the Accounts Payable Account.

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