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The purchase day book is used to record

Accounts - Principles of Accounts
WAEC 2023

The purchase day book is used to record

  • A. purchases returns
  • B. cash purchase
  • C. total purchases
  • D. credit purchase
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Correct Answer: Option D
Explanation

The purchase day book is the book of original entry for recording all of the goods purchased on credit from suppliers. It is sometimes called purchases journal.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995