Question

sub division of goods account is ______
machinery account
capital account
purchase account
cash account
​

Answer 1

Answer:

sub division of goods account is ______

Capital account

Answer 2

Sub division of goods account is purchase account.

• The functions of buy, sale, purchase return, and sales return are all involved in the practical exchanging of products.
• Instead of keeping a stock/products account, record day-to-day transactions of goods in the sales, sales return, purchase return, and purchase accounts to maintain the matching idea and reflect the actual status of stock at the end of each period.