The purchase of office furniture on account (that is,on credit)would include a:

Name: The purchase of office furniture on account (that is,on credit)would include a:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When purchasing office furniture on account (credit), it means that the company will pay for it at a later date. Therefore, the company will owe money to the supplier for the furniture, which is recorded as Accounts Payable. A credit entry is made to Accounts Payable to record the debt owed by the company for the purchase.

The Purchase of Office Furniture on Account (That Is,on Credit)would