you have 1000 dollars cashand u buy 1000 of office supplies.book the entry.which acctand which is debited a
justwondering asked:
and which is credited
$1000 of office supplies
This entry was posted
on Tuesday, March 31st, 2009 at 12:00 am and is filed under Other - Business & Finance.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
and which is credited
$1000 of office supplies
April 2nd, 2009 at 8:02 pm
Could you include a dictionary in this purchase?
You certainly need one.
April 4th, 2009 at 4:29 am
Debit: Office Supplies 1000
Credit: Cash 1000
April 5th, 2009 at 9:35 am
dr. office supplies expense 1,000
cr cash 1,000
April 7th, 2009 at 11:21 pm
the cash would be an owner investment credit
and the office supplies expense account debit.
because you are increasing both the credit that the owner pays, but you have the increase of actual office supplies as well.
April 10th, 2009 at 10:49 am
the $ are credited and the purchase of ofice supplies is debited………….at least i think that’s what you’re asking. The balance at the end therefore is 0
Credit=in
Debit=out
April 11th, 2009 at 6:31 am
sorry i dont speak double dutch