Question

In general, purchases are recorded in books of accounts when the actual goods are received or when the invoices are created ??

Answer 1

Explanation:

A typical transaction entered into the purchase ledger will record an account payable, followed at a later date by a payment transaction that eliminates the account payable. ... Instead, this information is recorded directly within the general ledger.

Answer 2

Explanation:

typical transaction entered into the purchase ledger will record an account payable, followed at a later date by a payment transaction that eliminates the account payable. ... Instead, this information is recorded directly within the general ledger.