Multiple Choice Questions on In Purchases Book the record is in respect of ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

In Purchases Book the record is in respect of ........

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In case of purchase every debit entry is made in purchase account, be it cash purchase or credit purchase. The difference is in the account which is credited that can be cash or creditor.

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Purchase book records only the credit sales of goods. this is a subsidiary book which records only credit transactions for purchase of goods. The concept you are talking about relates to journal entries

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