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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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Wiki User

∙ 11y ago
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Related Questions

What is a journal book?

Data entry book


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.


What is the journal entry for a purchase purchased on account of 54780?

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Why is ledger called a book of final entry?

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What is the journal entry for purchase of a business?

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What are the journal entry on purchase of software?

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How make journal entry in Quick book?

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

The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX

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