Credit purchase of trading goods is initially recorded in________.

purchase day book

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cash book

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directly in purchase A/c

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any of the above three

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Solution

The correct option is A purchase day book
Purchase day book is a subsidiary books in which all credit purchases are recorded in chronological order. At the end of a defined period, total of the purchases will be transferred to purchase account in ledger.

Suggest Corrections

Similar questions

Rectify the following errors.

(a) Credit Sales to Mohan Rs. 7,000 were recorded in purchase book.

(b) Credit Purchase from Rohan Rs. 9,000 were recorded in the sales book.

(d) Goods returned from Mahesh Rs. 1,000 were recorded in purchase return book.

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