All cash purchases are entered in the _____________book
Select one:
a. Trial balance
b. Journal proper
c. Purchase
d. Cash
Answers
All cash purchases are entered in the _____________book.
Answer: Cash Book.
All cash purchases are entered in the Cash book.
When the goods are purchased and the payment is made to the seller immediately either by cash or bank, they're called as cash purchases.
In the cash book, all the cash as well as bank transactions are recorded. It is a book including the original entries. A cash book has two sides, Receipt and Payment side.
A simple cash book is prepared so as to maintain a record of all cash transactions and to find out the cash balance at the end of an accouting period.
Required Answer :-
d. Cash
Hence, Option D is correct
Know More :-
Cash book - Cash book is used to maintain the cash from the coustmer. It also denotes the withdrawals and the deposited money.
Ex - A person cash book for any bank is used to maintain the withdrawal and deposited money.
Purchase book - A purchase book is a book in which the transaction are maintained by the user.