Is the purchase of equipment and supplies put in the purchase journal or the general journal?

Question

Robert · Accepted Answer

Is the purchase of equipment and supplies put in the purchase journal or the general journal? 
Solution:- 
Journal entry for purchase of Equipment and supplies are always passed through general journal 
and not purchase ledger. Purchase ledger is used to record credit purchase of inventory i.e.

Is the purchase of equipment and supplies put in the purchase journal or the general journal?

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment