A business paid $6000 cash for the purchase of office furniture.The debit and credit entries to record this transaction are:

Name: A business paid $6000 cash for the purchase of office furniture.The debit and credit entries to record this transaction are:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When purchasing office furniture for cash, the office furniture account (an asset account) is debited because assets increase with debits. The cash account (also an asset account) is credited because assets decrease with credits.

A Business Paid $6000 Cash for the Purchase of Office