NABTEB Book Keeping 2015 Objective — Question 9
Question 9 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
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Acquisition of fixed assets on credit is recorded in
- A. purchases day book
- B. purchases account
- C. journalCorrect
- D. general ledger
Explanation
Non-routine transactions like the acquisition of fixed assets on credit are recorded in the journal (journal proper), not the purchases day book, which is reserved for credit purchases of trading goods.
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