Home » Accounts (Principles of Accounts) » Which of the following is used to record the purchase of fixed asset on credit?Which of the following is used to record the purchase of fixed asset on credit? Which of the following is used to record the purchase of fixed asset on credit? A. sales journal B. journal proper C. purchases journal D. cash book Correct Answer: Option B Explanation Related Posts Which of the following statements is not valid? Write full form of the following abbreviations: OTP and PIN In a departmental account, where no basis of apportionment exist, apportionment is Which of the following is an intangible asset and a measure of a firm’s superior… Use the information below to answer question . A company’s authorized share capital was one… The yearly depreciation using the straight line method would be
