MP Board · Class 11 · Accountancy · Recording of Transactions - IIWhich book of original entry is used to record all credit purchases of goods?
Step-by-Step Solution
The Purchases Book (or Purchases Journal) is a special purpose book used specifically for recording credit purchases of goods that are dealt in by the business. Cash purchases are recorded in the cash book.
Detailed Options Breakdown
Option : Purchases Return Book
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
Option 1: Purchases Book (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Journal Proper
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
Option 3: Cash Book
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
💡 Study Guide: This question tests core syllabus concepts from Recording of Transactions - II. For formulas, key summaries, and mock exam reference guides, read the full Recording of Transactions - II Revision Notes.