The Purchase of Supplies On Account Is Recorded In What?

The purchase of Supplies On Account / Credit is recorded in the Purchases Journal as it is related to credit purchase or purchases on account of supplies.

The journal entry to record is shown below:

                                                           Supplies a/c  XXX

  

                                                                                   Accounts Payable a/c  XXX

 

                                                       (Purchased Supplies On Account)

 

The supplies account is a current asset, so it is transferred to supplies ledger’s account while accounts payable is a current liability and posted to Accounts Payable Ledger’s Account.

So, the purchase of supplies on account is recorded in Purchases Journal only as it is specifically related to credit purchase of supplies and not in cash journal and General Journal