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What is the journal entry for book purchase?

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Anonymous

∙ 11y ago
Updated: 8/21/2019

Debit book
Credit cash / bank

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∙ 11y ago
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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.


What is the accounting journal entry to record the purchase price of a business?

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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