FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
15th Edition
ISBN: 9781265564483
Author: Wild
Publisher: MCG
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Chapter 7, Problem 6QS
To determine

Journal entry:

A journal entry is a standardized technique of recording business transaction in accountancy.

Purchases Journal:

It is the journal where all the purchase on accounts or credit purchase of merchandise, supplies, equipment etc. are recorded.

To determine:

Preparation of Purchase journal and Journal entry for the transactions recorded in the purchase journal.

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