Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 37 - No. 40)
What is the primary purpose of a purchases journal?
To record all cash payments made by a business.
To record all purchases of goods on credit.
To record all sales of goods on credit.
To record all returns of goods purchased.
Explanation
The purchases journal is specifically for tracking purchases of goods on credit.
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