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Purchase of a fixed asset on credit basis is recorded in _____________
  • a)
    Cash book
  • b)
    Purchases book
  • c)
    Journal proper
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Purchase of a fixed asset on credit basis is recorded in _____________...
When subsidiary books are prepared by a business then significant transactions of the business are entered in Journal Proper. If there is no special book for recording a transaction then it is recorded in journal proper.
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Purchase of a fixed asset on credit basis is recorded in _____________a)Cash bookb)Purchases bookc)Journal properd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Purchase of a fixed asset on credit basis is recorded in _____________a)Cash bookb)Purchases bookc)Journal properd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Purchase of a fixed asset on credit basis is recorded in _____________a)Cash bookb)Purchases bookc)Journal properd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchase of a fixed asset on credit basis is recorded in _____________a)Cash bookb)Purchases bookc)Journal properd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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