CBSE Class 11-commerce Answered
What is the difference between a purchases
book and purchases account?
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
Expert Answer
Purchases Book |
Purchases Account |
i. It is a part of journal |
i. It is a part of ledger |
ii. It does not have debit and credit column |
ii. It have a debit and credit column |
iii. Only credit purchases are recorded |
iii. Cash purchases as well as credit purchases are recorded |
iv. Total amount of purchases book is posted to purchases account periodically |
iv. Balance of the account is transferred to the trading account on debit side |
Answered by | 11 Jul, 2016, 06:49: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 04 Jul, 2016, 08:16: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
ANSWERED BY EXPERT