WAEC Financial Accounting 2026 Question 6

Question 6

Books of Original Entry

Acquisition of fixed assets for office use on credit is recorded in the

  1. A.journal proper
  2. B.purchases journal
  3. C.cash book
  4. D.returns outwards book
Show the answer and explanation

Answer: A (journal proper)

Explanation

The purchases journal is only for goods for resale; credit purchase of fixed assets goes in the journal proper.