Correct answer is option B
because purhases books records only credit purchase transactions

Explanation:

The correct answer is option 'B', which states that the record in the Purchases Book is in respect of credit purchase of goods dealt in.

Purchases Book:
The Purchases Book is a subsidiary book used in accounting to record all credit purchases of goods. It is a book of original entry where all the credit purchases made by a business are recorded in chronological order. The Purchases Book is typically used by businesses that deal in buying and selling goods.

Types of Purchases:
There are two types of purchases that can be recorded in the Purchases Book:

1. Cash Purchase of Goods: This refers to the purchases made by the business where payment is made in cash at the time of purchase. These transactions do not involve any credit and are not recorded in the Purchases Book.

2. Credit Purchase of Goods: This refers to the purchases made by the business where payment is not made at the time of purchase but on a later date. These transactions involve credit terms, such as 30 days or 60 days, and are recorded in the Purchases Book.

Reason for Option B:
The correct answer is option 'B' because the Purchases Book specifically records credit purchases of goods dealt in by the business. It does not include cash purchases or any other types of transactions. The purpose of the Purchases Book is to maintain a record of credit purchases, which helps in tracking the amount owed to suppliers and managing accounts payable.

Conclusion:
In summary, the Purchases Book is used to record credit purchases of goods dealt in by a business. It does not include cash purchases or any other types of transactions. The Purchases Book helps in maintaining an accurate record of credit purchases and managing accounts payable.