WAEC Book Keeping 2025 Objective — Question 9
Question 9 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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Acquisition of fixed assets on credit is recorded in the:
- A. Purchases day book
- B. Purchases account
- C. General journalCorrect
- D. General ledger
Explanation
Credit purchases of fixed assets (non-trading items) are recorded in the general journal, not the purchases day book, which is reserved for trade purchases.
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