Back to Main Page

Multiple Choice Questions

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

Let's Discuss

Saif one year ago

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.

0 0 reply

NIHARIKA WALIA one year ago

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

0 0 reply
Download Abhipedia Android App

Access to prime resources

Downlod from playstore
download android app download android app for free