Purchase book is maintained to record Options: A . &nbspAll credit purchases B . &nbspAll cash purchases C . &nbspPurchases of goods D . &nbspNone of the above

Purchase book is maintained to record

Question

Purchase book is maintained to record

Options:

A . All credit purchases

B . All cash purchases

C . Purchases of goods

D . None of the above

Answer: Option A

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Question 1. Those transactions for which there is no separate book, are recorded in the....

Question 2. A document sent to customer when he returns the goods is called....

Question 3. The person from whom the goods are purchased on credit are called....

Question 4. Which of the following sets of expense are the direct expense of business?....

Question 5. The accounting equation is based on....

Question 6. Suspense account given in the trial balance will be entered in the....

Question 7. Different accounting policies can be adopted in the following area(s)....

Question 8. Normally the following accounts are balanced....

Question 9. Opening and closing inventories are recorded in....

Question 10. The installation expenses for a new machinery will be debited to....

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