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What is the accounting treatment for goods used for office as assets?

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Question added by Musheer Syed , Accountant , Kadhema Scientific Consultancy & Services
Date Posted: 2013/06/26
Farhad Ali
by Farhad Ali , Accountant , AL Aaly holding

Asset debit cash Credit

Ravindra Kuckian
by Ravindra Kuckian , Store Keeper , Jumbo Electronics Co. LLC

Debit asset account credit Cash

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

ASSET A/C ...DR TO CASH AC / PARTY'S AC

SALIK RAFIQUE
by SALIK RAFIQUE , GM FINANCE , SWISS PRO MANUFACTURING CO.

Asset DR Cash/ Payables CR

Debit to Office Supplies Credit Cash

Umair Nasir
by Umair Nasir , Financial Analyst , UNIT SOLUTIONS

debit office supplies credit cash

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