> #finance , #accounting > Mr bonge bought new fittings for his factory costing TZS 1800000 but this transaction had been posted to the purchase account.what is the journal entry for this statement?
Anonymous
Apr 7

Mr bonge bought new fittings for his factory costing TZS 1800000 but this transaction had been posted to the purchase account.what is the journal entry for this statement?

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Apr 7
The correct journal entry for this transaction would be:

Debit: Factory fittings account - TZS 1,800,000
Credit: Purchase account - TZS 1,800,000
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