Purchase account is not prepared when Purchase book is maintained?

True

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False

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Cannot say

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None of these

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Solution

The correct option is B
False

Purchase account is also prepared along with purchase book and total of puchase book is shown as sundries in purchase account.

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Similar questions

Is it correct to say that purchases book is a record prepared from the invoices received from suppliers?

The total of purchase book is posted to the ___ of purchase account.

Distinguish between purchases book and purchases account.

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