Question

Select the most appropriate alternatives from those given below :

The source document for recording in purchase book is ________.
a) Inward invoice
b) outward invoice
c) voucher
d) cash memo

Answer 1

The source document for recording in the purchase book is inward Invoice.

Explanation:
The source document, on the basis of which the transactions are recorded in the Purchases Book, is called inward invoice, bill or credit memo. It is received by a firm from the supplier of goods when the credit purchases are made. It contains the quality of the goods, rate, amount etc. and a serial number that is recorded in the Purchases Book.