Question

There is no difference between purchase book and purchase account.( True or False)​

Answer 1

Answer:

its false

HOPE IT HELPS

Answer 2

Answer:

False

Explanation :

purchase book is like a journal and purchase account is ledger account

there is difference beyween journal and ledger right in same way there is difference between purchase book and purchase account.

We record all purchases entries in purchase book and periodically post then in purchase account.

sometimes they won't maintain the purchase account instead they directly post balance of purchases book in trail balance then there is no difference between purchases book and purchase account.