explain purchase book with suitble example? b.com
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Purchase Book is that book in which we have record all the business credit transactions related to the purchase of goods only. It is an original entry book like a Cash Book. Cash purchases of goods are not recorded in it because all these transactions are recorded in the Cash Book.
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Purchase book is that book in which we record business credit transactions related to the purchase of goods only. Purchase book is basically a subsdiary book.
Example of purchase book: 60 packets of the ink pen @ Rs 40 per packets.
Hope it hlps u mate ..
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