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Purchase of fixed assets on credit terms

A- cash account will be credit B- cash account will be debit C- fixed assets account will be debt D- fixed assets account will be credit

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تم إضافة السؤال من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany
تاريخ النشر: 2015/04/01
Osama Raslan
من قبل Osama Raslan , Head of Financial Accounting & Payables , Alexandria Fertilizers Co

C- fixed assets account will be debt

RIYAS BABU
من قبل RIYAS BABU , Chief Accountant , House of Donuts

C. fixed assets account will be debit and supplier will be credit

Muhammad Ramzan Tufail  ACCA
من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(C) is the Correct Ans.

 

On Purchase of Fixed Asset on Credit,

Dr. Fixed Assets    XX

Cr. Accounts Payable   XX

 

On Payment on Future,

Dr. Accounts Payable   XX

Cr. Cash                                 XX

 

DHANAPATI BHATTARAI
من قبل DHANAPATI BHATTARAI , Finance Manager , DMS Boot Industries Pvt. Ltd

Fixed Account is Debited and Supplier will be Credited

IMRAN ALI MOHAMMED
من قبل IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

Fixed Assets Account will be debited

Sundry Creditors will be credited.

Anas  Dawah
من قبل Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

 C----- 

- F.A account will be debt

Md. Moshiur Rahman Sumon
من قبل Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

C-Fixed assets account will be debit is correct answer

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