Question

purchase book is used to record all dash purchases​

Answer 1

Answer:

All goods purchased on credit is recorded under Purchase Book. Only credit purchases are recorded in Purchase book and not cash purchases. Goods means those things that are purchased or produced for resale in business. Any purchase of asset is not recorded in Purchase book.

Answer 2

$\huge{\mathfrak{\green{Answer}}}$

False

Purchase Book is used to record credit purchases.

All the cash transactions (purchase, sale, etc.) are recorded in Cash Book.

If the business sells fixed asset on credit then it will be recorded in Journal Proper.