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

Debit

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Credit

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Either debit or credit

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None of the above

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Solution

The correct option is A
Debit

Purchase account is always debited with the amount of purchases & the total of purchase book is posted to the debit of purchase account.

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Similar questions

Is it correct that the total of the purchase invoices recorded in the purchases book is posted to the debit side of the purchases account in the ledger and credited to the accounts of suppliers?

Q. Rectify the following errors assuming:-
that such a suspense account has been opened.
1. Goods costing ₹ 800 purchased from Sachin on credit were omitted to be credited to his account.
2. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 80.
3. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 880.
4. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account.
5. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account as ₹ 80.

Rectify the following errors.

(a) Furniture purchased for Rs. 10,000 wrongly debited to purchase account.

(b) Machinery purchased on credit from Raman for Rs. 20,000 was recorded through purchase book.

(d) Repairs on overhauling of second hand machinery purchased Rs. 2,000 was debited to repair account.

(e) Sales of old machinery at book value of Rs. 3,000 was credited to sales account.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.

(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.

(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.

(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

Trial balance of Khatau did not agree. He put the difference to a suspense account and discovered the following errors.

(a) Credit sales to Manas Rs. 16,000 were recorded in the purchase book as Rs. 10,000 and posted to the debit of Manas as Rs. 1,000.

(b) Furniture purchased from Noor Rs. 6,000 was recorded through purchase book as Rs. 5,000 and posted to the debit of Noor Rs. 2,000.

(d) Old machinery sold for Rs. 2,000 to Maneesh recorded through sales book as Rs. 1,800 and posted to the credit of Manish as Rs. 1,200.

(e) Total of return inwards book Rs. 2,800 posted to purchase account.

Rectify the above errors and prepare a suspense account to ascertain the difference in trial balance.

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

The correct option is A Debit Purchase account is always debited with the amount of purchases & the total of purchase book is posted to the debit of purchase account.

The correct option is A
Debit

Purchase account is always debited with the amount of purchases & the total of purchase book is posted to the debit of purchase account.