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The purchases Journal records
  • a)
    All purchases.
  • b)
    All purchases of goods dealt in by the firm.
  • c)
    Credit purchases of goods dealt in by firm.
  • d)
    Cash purchase of goods dealt in by fir
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The purchases Journal recordsa)All purchases.b)All purchases of goods ...
Purchase journal means purchase book which is a subsidary book. we record all credit transactions of GOODS that the firm deals in it. eg:if a firm deals in furniture then furniture purchased on credit for further sale will be recorded in the purchase book or purchase journal.
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The purchases Journal recordsa)All purchases.b)All purchases of goods ...
C
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The purchases Journal recordsa)All purchases.b)All purchases of goods dealt in by the firm.c)Credit purchases of goods dealt in by firm.d)Cash purchase of goods dealt in by firCorrect answer is option 'C'. Can you explain this answer?
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