Recording of Transactions – II · Class 11 · CBSE · Commerce Accountancy
Which of the following subsidiary books records all credit purchases of goods dealt in by the business?
Practice question from Recording of Transactions – II (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
easy · MCQ · Q-DC0C25
Which of the following subsidiary books records all credit purchases of goods dealt in by the business?
- A.Purchase BookCorrect answer
- B.Sales Book
- C.Cash Book
- D.Journal Proper
Solution
The Purchase Book (or Purchase Register) is a subsidiary book specifically used to record all credit purchases of merchandise or goods that the business deals in. Cash purchases are recorded in the Cash Book, and purchases of assets on credit are recorded in the Journal Proper.
More from Recording of Transactions – II
- What document is issued by the seller to the buyer when goods are returned by the buyer?
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- What is a contra entry in accounting, and in which book is it recorded?
- Which of the following transactions is recorded in the Journal Proper?
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