Purchase book is maintained to record:

All credit purchases of goods

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

All cash purchases

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Purchase of Goods

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A All credit purchases of goods
Purchase book records all credit purchases of goods in trade.

Suggest Corrections

Similar questions

Rectify the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Join BYJU'S Learning Program