Entries in the purchase journal are transferred to the .....
Entries in the purchase journal are transferred to the .............
Receivable ledger
Payable ledger
General ledger
Private ledger
Correct answer is B
The purchase journal records all credit purchases. All the entries are then moved to the accounts payable.
Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for.
Given: Capital at the beginning...............N20000 Drawings.............................N3000 C...
The document evidencing a disbursement of government fund is known as ...
Quick ratio is calculated as X-Y:Z, where ...
Which of the following is not a characteristic of a computer? ...
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit? ...
# Stock Jan 1 2600 Purchases...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...