The purchase of a typewriter for office use for ₦2,000 is debited to
Answer Details
The purchase of a typewriter for office use for ₦2,000 should be debited to the equipment account. This is because the typewriter is a type of fixed asset, and the equipment account is used to record the cost of fixed assets purchased by the company for use in its operations.
The creditors account is used to record amounts owed to suppliers for goods or services purchased on credit, so it would not be appropriate to debit the typewriter purchase to this account. The bank account is used to record cash transactions, so it would not be appropriate to debit the typewriter purchase to this account unless the purchase was made with cash. The purchases account is used to record the cost of inventory purchased for resale, so it would not be appropriate to debit the typewriter purchase to this account unless the typewriter was purchased for resale.