passwella.
Menu

WAEC Financial Accounting 2003 Question 36

Question 36

Books of Original Entry

In which of the following is purchase of fixed assets on credit first recorded?

  1. A.Purchases Journal
  2. B.Journal Proper
  3. C.Cash Book
  4. D.General Ledger
Show the answer and explanation

Answer: B (Journal Proper)

Explanation

Credit purchases of fixed assets are first entered in the journal proper.