The total of the purchase invoices recorded in the Purchases Journal is posted to…?
Select ONE answer:
- the credit side of the purchases account in the general ledger.
- the debit side of the purchases daybook.
- the credit side of the purchases daybook.
- the debit side of the purchases account in the general ledger.
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- The total of the purchase invoices recorded in the purchases journal is posted to the debit side of the purchases account in the general ledger.
- ‘Posting’ means transferring totals from the books of original entry to the double-entry accounting records. The purchases daybook is not part of these records – in fact, it is the same as the purchases journal.
- As for answer B above.
- Correct
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