Question

distinguish between purchase book and purchase account ​

Answer 1

Purchase Book – It is a subsidiary book of accounting used to record all goods purchased on credit. ... Purchase Account – It is a ledger account just like any other account in business. It is a part of the chart of accounts and it is used to record the journal entry for cash and credit purchases.

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Answer 2

Answer:

Purchase book is a subdivision of a journal which is not divided into credit or debt limits. It contains the information about the credit purchases to the debit side of the purchase account. A purchase account is a ledger part that is divided into the credit and debt.