Question

where do we record purchase of furniture on credit in subsidiary books?​

Answer 1

Answer:

A firm records all its credit purchases of goods in Purchase Book or Purchase Day Book. While it records all the cash purchases of goods in the Cash Book. We do not record Purchases of assets in Purchase Book. Thus, they are recorded in the Journal Proper.

Answer 2

Answer:

Explanation:

A firm records all its credit purchases of goods in Purchase Book or Purchase Day Book. While it records all the cash purchases of goods in the Cash Book. We do not record Purchases of assets in Purchase Book. Thus, they are recorded in the Journal Proper.