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Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
A purchase of supplies for cash is recorded in the?
cash payment journal
In which journal is the return of supplies purchased on account recorded?
General Journal
In accounting Cash purchase of supplies should be recorded in what?
cash payments 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.
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
A purchase of supplies for cash is recorded in the?
cash payment journal
In which journal is the return of supplies purchased on account recorded?
General Journal
What kinds of transactions are recorded in a purchases journal?
purchase of store supplies for cash
In accounting Cash purchase of supplies should be recorded in what?
cash payments 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.
How are purchase discounts and purchase returns recorded by a company using the periodic inventory system?
They are recorded as a direct reduction to the Purchases account.
What account is affected in an account journal when you avail of purchase discount for office supplies that was bought on account?
Accounts payable and Cash accounts
What is the difference between office supplies account and office supplies expense account?
Office supplies acct is an account that you book as payables and a offfice supplies expense account is a Liability Account on your Chart of accounts
Can I purchase bulk daycare supplies online?
Yes, you can purchase bulk daycare supplies online. You can purchase them at www.inetgiant.com/Tags/-daycare-supplies.
Is an electricity account an example of a trade account payable?
No Electricity account is non-trade accounts payable as trade accounts payable are those suppliers only from which company purchase supplies for sale purpose.
What is purchase returns?
When some purchased supplies are returned back to suppliers due to some problem in supplies or due to any defect these returns are charged to purchase returns account and reduction in actual purchases.
