Question

Define the following books :-

a.) Purchase book
b.) Sales book
c.) Bill payable book

Answer 1

$\mathbb{\red{\huge{Heya\:mate}}}$

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$\mathfrak{\blue{Q.}}$$\bold{Define \:the\: following \:books \::-}$

$a.) \:Purchase \:book$
$b.) \:Sales \:book$
$c.)\: Bill\: payable \:book$

$\mathfrak{\blue{Ans.}}$

$\mathfrak{\orange{i.)\: Purchase\:book\::}}$ All the transactions of purchase of goods and services On credit basis are recorded in this book.

$\mathfrak{\orange{ii.)\:Sales\:book\::}}$ All the transactions pertaining to credit sales of goods and services are recorded in this book.

$\mathfrak{\orange{iii.)\:Bill\: payable\: book\::}}$We record the issue of promisory note or Hundi or acceptance of bills of exchange in this book

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Answer 2

Hey mate ^_^

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Answer:
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a) Purchase book: Purchase Book is that book in which we have record all the business credit transactions related to the purchase of goods only. 

b) Sales book: A Sales book is a record of all credit sales made by a business.

c) Bill payable book: Bills payable book is used to record bill accepted by us. 

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