Problems with the recording of the purchase of office furniture

Updated on furniture 2024-02-11
3 answers
  1. Anonymous users2024-01-23

    When a down payment is made:

    Borrow: prepaid accounts of furniture companies.

    Credit: Bank deposits.

    Physical Goods Received: Borrow: Fixed Assets Furniture.

    Credit: Accounts Advance - Furniture Company.

    Credit: Bank deposits.

  2. Anonymous users2024-01-22

    Debit: Accounts prepaid - secondary account.

    Credit: Bank deposits.

    When the furniture is received.

    Borrow: Fixed assets.

    Credit: Accounts Advance - Secondary Account.

    Accounts Payable - Secondary Account.

    When the balance is paid.

    Debit: Accounts Payable - Secondary Account.

    Credit: Bank Deposit Cash.

  3. Anonymous users2024-01-21

    Almost, that's how it should be.

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