Question

The primary record of a credit purchase of a fixed asset is made in

• A. General Ledger
• B. Cash Book
• C. Trial Balance
• D. Journal proper

Answer 1

Answer:

D. Journal proper

A credit purchase of a fixed asset (like machinery, furniture, or equipment) is not recorded in the purchase book, because the purchase book is used only for credit purchases of goods meant for resale (trading goods).