Purchase of office equipment for cash will be recorded on which of the following sides of a cash boo...........

General Accounting Principles Accounting cycles

Download Solution PDF

Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?

Receipts

Payments

Incomes

Expenditures

छोटे Courses बड़े Results

Master Accounting cycles

Prepare through Micro-courses

Try Now

Explanation:

Purchase of office equipment for cash will be recorded on Payments side of a cash book. All transactions in the cash book have two sides: debit and credit. All cash receipts are recorded on the left-hand side, and all cash payments are recorded by date on the right-hand side.

By: SWAPNIL AGGARWAL

Profile ResourcesReport error

Submit Error

Let's Discuss

Post Comment

ashish meena

office equipments are assets so these will be recorded in journal proper not in cash book

Pratap Ray

The journal entry to it is Purchase a/c Dr ---- To Cash . I think it wil be in the Dr side of the Cash book and Cash will be or the payment side or Cr side