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What is the journal entry for book purchase?

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Anonymous

∙ 10y ago
Updated: 8/21/2019

Debit book
Credit cash / bank

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∙ 10y ago
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Related Questions

What is a journal book?

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What is journal book?

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What is book of original entry?

"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.


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The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.


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What is journal entry of purchase of raw material on cash?

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