أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
The accrual method does apply to the purchase of equipment (as well as applying to revenues and expenses). ... Under the accrual method, on December 29 the company should debit the asset account Equipment and credit the liability account Accounts Payable.
yes it can be applied when the purchase done as on credit
