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a) - All cash purchases
b) - All credit purchases of goods and asset
c) - All credit purchases of goods and trade only
d) - None of the above
All credit purchases of goods which will for resale
b) Aall credit purchases of goods and asset of a company
A purchase book records only all credit purchases of goods and trade. Cash purchases are recorded via the cash book while the credit purchase of an asset is recorded via a journal entry.
purchase book record both of cash & credit purchase.of goods & trade.
Answer b) - All credit purchases of goods and asset
c) - All credit purchases of goods and trade only
c) - All credit purchases of goods and trade only
purchases book proof of purchase operations only creditor. The cash purchase operations are recognized directly in the cash book (payments), and where the purchases are party owes restricts the daily purchases in the book is the creditor parties to procurement (creditors)
(c) In purchase book, we record all transactions relating to credit purchases of goods only and these goods are trading goods.
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