Journal Entry For Computer / Laptop Purchase
Here we will study a bout the Journal Entry for the purchase of computer or laptop which is a Fixed Asset / N on Current Asset (recorded as an asset in chart of account) and recorded on the balance sheet (Statement of Financial Position) in Accounting. There are two types of accounting journal entries related to the purchase of computer / laptop from the point view of business. 1. Purchase Computer / Laptop For Office Use Journal Entry If the purpose of purchasing computer / laptop is to use these in the office, then these become fixed assets / non current assets of the business. When the business purchased for cash / cheque or check, then following entry is recorded as shown below: Computer a/c / Laptop a/c XXX ...