answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When supplies are bought on account the account debited is?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is journal entry for supplies bought on account?

Debit supplies inventoryCredit accounts payable


Is debited a deduction?

yes debited is a deduction from the account as it only taked whats int your account out if you have enough


When the seller is paid the customer's account is.credited or debited?

debited


Which journal does bought office supplies on account go to?

Purchases journal


When December rent is paid in November which account is debited?

Prepaid Rent is debited.


When December rent is paid in November to which account is it debited?

Prepaid Rent is debited.


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 debited?

It is something that is entered into an account as a debt


What account is affected in an account journal when you return office supplies that was bought on account?

Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.


What nominal account heading will you give to flashlights and batteries bought for consumption by a firm?

miscellanous supplies


Can your bank account be debited without you being told?

NO.


When a comapany pays a bill the cash account WILL BE?

Debited.