Office supplies a/c.............dr 1000
To Account payable a/c 1000
Whether a transaction is economic or not, it must be recorded in a journal entry. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry may contain several recordings, each of which is a debit or credit.
Whether physically or digitally, every business transaction must be meticulously and accurately documented in a journal entry. If this information is available, the journal entry will additionally state whose accounts a transaction affects. The four main types of journal entries are debits, credits, cash flow journal entries, journal entries for the income statement, and journal entries for the balance sheet.
Learn more about journal entries here:
https://brainly.com/question/20421012
#SPJ4
