Multiple Choice Questions on The weekly or monthly total of the purchase book is ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

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

General Accounting Principles Accounting cycles
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    The weekly or monthly total of the purchase book is 

    Posted to the debit of the Purchase Account

    Correct Answer

    Posted to the debit of the Sales Account

    Incorrect Answer

    Posted to the credit of the Purchases Account

    Incorrect Answer

    None of the above

    Incorrect Answer
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    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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