Purchase of Fixed Assets on credit is originally recorded in:

(a) Purchases Book

(b) Ledger

(c) Cash Book

(d) Journal Proper

Accounting Auditing Cost Accounting Banking Finance

Question added by Shamseer KM , HR Payroll Officer , Al Darwish Engineering W.L.L
Date Posted: 2015/03/31

Upvote (0) Views (11) Followers (2) Answers (2) Report Question

by Darshan Shah , Executive Finance , WHITEHAT EDUCATION PRIVATE LIMITED

the purchase made on credit is recorded in journal proper

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>> (d) Journal Proper

and subsequently posted to Ledger.

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