Accountancy, asked by lavanya2303, 4 months ago

The accountant of a firm does not want to open the purchases account as purchases book is maintained by the firm. Is he correct? Give reason in support of your answer

Answers

Answered by jivinchaitanya

Answer:

The Purchases account is. a temporary account. Purchases of merchandise on credit should be recorded in. ... In a firm that uses special journals, the purchase of merchandise with terms of 2/10, n/30 is recorded in the. ... the accountant …

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