Get premium membership and access revision papers with marking schemes, video lessons and live classes.
Processing. Please wait.

 Form 4 Business Studies lessons: Source documents and books of original entry

Purchases journal as a book of original entry

 (5m 45s)
371 Views     SHARE

Download as pdf file

Answer Text:
Purchases Journal as a book of original entry.
-purchases journal is used to record credit purchases made on daily basis.
-source documents are invoice received.
-credit purchases are posted to the credit side of individual creditors accounts in the purchases ledger.