question archive Where is a purchase of office supplies on account recorded? a
Where is a purchase of office supplies on account recorded? a
Subject:BusinessPrice:2.88 Bought3
Where is a purchase of office supplies on account recorded?
a. general journal
b. purchases journal
c. cash payments journal
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
The correct option is c. cash payment journal
Cash payment journal is maintained by the business in order to record all the cash transactions of the business. In the cash payment journal, they record all the transactions on the sequential order as per date. The purchase of office supplies is considered as the goods which are used for business operations.
The explanation for the wrong option
a. General journal: It is used to record the transactions related to business errors, adjustments etc in order to understand the correct financial results of the business.
b. Purchase journal: It is the journal book is maintained by business to record the credit purchase of the business. The cash purchases of business are recorded under cash book.
