Accountancy, asked by Roseerosee3713gmail, 10 months ago

purchase book purchase goods for Sathya​

Answers

Answered by niharikasingh15
0

Explanation:

Purchase book records credit purchases of goods only. Whenever goods are purchased, Purchases account is debited. In all cases of purchases, goods come into the business (as per the rule i.e. "Debit what comes in"), so purchases account has to be debited. The document on the basis of which purchase book is prepared is known as "Credit memo".

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