The weekly or monthly total of the purchase book is nbsp ...

General Accounting Principles Accounting cycles Add to Study Deck

The weekly or monthly total of the purchase book is

Posted to the debit of the Purchase Account

Posted to the debit of the Sales Account

Posted to the credit of the Purchases Account

None of the above

Explanation:

The total purchase day book and cash purchases is taken to the purchase Account and is further transferred to Trading Account.

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