Question

2.6. Give two differences between purchase book and purchase account.​

Answer 1

Answer:

Purchases Book                                            Purchases Account

i. It is a part of journal                                    i. It is a part of ledger

ii. It does not have debit and credit column   ii. It have a debit and credit                            

iii. Only credit purchases are recorded    iii. Cash purchases as well as credit purchases are recorded

Explanation: