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Choose the most appropriate answer from the given options :
Q.In Purchases Book the record is in respect of
  • a)
    cash purchase of goods,
  • b)
    credit purchase of goods dealt in,
  • c)
    all purchases of goods.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Choose the most appropriate answer from the given options :Q.In Purcha...
Because in purchases book only credit transactions relating to purchases will be recorded. Theres no scope for cash purchase transactions in purchases book. cash purchases are directly taken in cash book.
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Community Answer
Choose the most appropriate answer from the given options :Q.In Purcha...
Explanation:

The Purchases Book is a subsidiary book used in accounting to record all the credit purchases of goods dealt in by a business. It is a book of original entry where all the details of credit purchases are recorded before they are posted to the general ledger.

Options:


  • A: Cash purchase of goods: This option is incorrect because the Purchases Book specifically records credit purchases and not cash purchases.

  • B: Credit purchase of goods dealt in: This option is correct. The Purchases Book records all the credit purchases of goods dealt in by a business.

  • C: All purchases of goods: This option is not entirely accurate. The Purchases Book only records credit purchases, not cash purchases.


Therefore, the most appropriate answer is option B: Credit purchase of goods dealt in.
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Choose the most appropriate answer from the given options :Q.In Purchases Book the record is in respect ofa)cash purchase of goods,b)credit purchase of goods dealt in,c)all purchases of goods.Correct answer is option 'B'. Can you explain this answer?
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