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In which book of original entry, will you record the following transactions?
Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.
- a)Purchase Book
- b)Sales Book
- c)Cash Book
- d)Journal Proper (General Journal)
Correct answer is option 'A'. Can you explain this answer?
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In which book of original entry, will you record the following transac...
Answer:
Book of Original Entry for Credit Purchase of Stationery worth Rs. 5,000 by a Stationery Dealer is Purchase Book.
Explanation:
Purchase Book is a book of original entry in which all credit purchases of goods and services are recorded. Credit purchases are the purchases made on credit from suppliers or vendors. In this case, stationery worth Rs. 5,000 is purchased on credit from a stationery dealer, so it will be recorded in the Purchase Book.
The following are the reasons why the transaction will be recorded in the Purchase Book:
1. The transaction is a credit purchase, so it will be recorded in the Purchase Book.
2. The transaction involves the purchase of goods, i.e., stationery, so it will be recorded in the Purchase Book.
3. The transaction involves a supplier or vendor, i.e., stationery dealer, so it will be recorded in the Purchase Book.
Therefore, the correct answer is option 'A,' i.e., Purchase Book.
HTML Version:
Book of Original Entry for Credit Purchase of Stationery worth Rs. 5,000 by a Stationery Dealer is Purchase Book.
Explanation:
Purchase Book is a book of original entry in which all credit purchases of goods and services are recorded. Credit purchases are the purchases made on credit from suppliers or vendors. In this case, stationery worth Rs. 5,000 is purchased on credit from a stationery dealer, so it will be recorded in the Purchase Book.
The following are the reasons why the transaction will be recorded in the Purchase Book:
1. The transaction is a credit purchase, so it will be recorded in the Purchase Book.
2. The transaction involves the purchase of goods, i.e., stationery, so it will be recorded in the Purchase Book.
3. The transaction involves a supplier or vendor, i.e., stationery dealer, so it will be recorded in the Purchase Book.
Therefore, the correct answer is option 'A,' i.e., Purchase Book.
HTML Version:
Book of Original Entry for Credit Purchase of Stationery worth Rs. 5,000 by a Stationery Dealer
- Option A: Purchase Book
- Option B: Sales Book
- Option C: Cash Book
- Option D: Journal Proper (General Journal)
Explanation:
Purchase Book is a book of original entry in which all credit purchases of goods and services are recorded. Credit purchases are the purchases made on credit from suppliers or vendors. In this case, stationery worth Rs. 5,000 is purchased on credit from a stationery dealer, so it will be recorded in the Purchase Book.
The following are the reasons why the transaction will be recorded in the Purchase Book:
- The transaction is a credit purchase, so it will be recorded in the Purchase Book.
- The transaction involves the purchase of goods, i.e., stationery, so it will be recorded in the Purchase Book.
- The transaction involves a supplier or vendor, i.e., stationery dealer, so it will be recorded in the Purchase Book.
Therefore, the correct answer is option 'A,' i.e., Purchase Book.
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Community Answer
In which book of original entry, will you record the following transac...
Bcoz he is a dealer of stationary therefore when he buy on credit then its transactions written in purchase book
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In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer?
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In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer?.
In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In which book of original entry, will you record the following transactions?Q.Credit purchase of stationery worth Rs. 5,000 by a stationery dealer.a)Purchase Bookb)Sales Bookc)Cash Bookd)Journal Proper (General Journal)Correct answer is option 'A'. Can you explain this answer?.
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