Question

Enter the following transactions in the Purchase Book, Sales Book, Purchase Returns

Book and Sales Returns Book of Abhishek and Co. for the month of January, 2011.​

Answer 1

Answer:

Purchase book is a Subsidiary book. The Purchase book or Purchase day book contains the record of all credit-purchase. Cash book accommodates the records of all goods-purchase. A Purchase book does not hold the record of purchases of assets. The Journal proper contains those records.