wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Cash purchase of trading goods is initially recorded in _______.

A
purchase day book
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
cash book
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
directly in Purchase A/c
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
any of the above three
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A cash book
All cash transactions are recorded in cash book which is a subsidiary book. Goods purchased on cash basis must be recorded in cash book.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Barter System
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon