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In accounting Cash purchase of supplies should be recorded in what?
cash payments journal
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
Accounting equation for purchase supplies for cash?
supplies cash
What does Purchases journal?
Purchase journal is used to record "Credit Purchases" for resale purpose like supplies from suppliers and hence no cash purchases are recorded as cash purchases are recorded in cash payment journal.
What will be the journal entry Office supplies purchased in cash but not used?
Since the purchase of supplies are recorded on the books and still sitting down to be taken off. The entry would be Credit office supplies and Debit the Cash account.
In accounting Cash purchase of supplies should be recorded in what?
cash payments journal
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
What kinds of transactions are recorded in a purchases journal?
purchase of store supplies for cash
Accounting equation for purchase supplies for cash?
supplies cash
What does Purchases journal?
Purchase journal is used to record "Credit Purchases" for resale purpose like supplies from suppliers and hence no cash purchases are recorded as cash purchases are recorded in cash payment journal.
What will be the journal entry Office supplies purchased in cash but not used?
Since the purchase of supplies are recorded on the books and still sitting down to be taken off. The entry would be Credit office supplies and Debit the Cash account.
If a company returns defective supplies that were purchased for by cash and receives cash refund is this transaction recorded in Cash Receipts Journal?
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
What purchase of supplies on account is recorded in the?
The amount which is paid on account(credit) should be recorded in a liability account i believe while record the purchased supplies in the asset.
In which special journal would a purchase of merchandise for cash be recorded?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
The purchase of a truck with a down payment was recorded as a pure cash purchase this error would cause?
Liabilities were underrated
The debit recorded in the journal to reimburse the petty cash fund is to?
debit EXPENSES made from PCF (e.g. Misc. Expenses, Supplies Expense) credit CASH
What is the journal entry for a cash purchase?
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
