ICAEW AF · Chapter 3 · Question 2 of 11
In which book of prime entry are invoices received from suppliers for goods bought on credit first recorded?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The purchases day book
Explanation
Invoices received for credit purchases are listed in the purchases day book, and its totals are then posted to the general ledger. The sales day book records invoices issued to customers, the cash book records cash and bank receipts and payments, and the journal is used for non-routine entries such as corrections and year-end adjustments.
More Double entry, books of prime entry and the trial balance MCQs
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- Q6The following balances have been extracted from the ledger of a sole trader at the year end: Non-current assets £48,000 Inventory £6,200…
- Q7Which of the following errors would cause the totals of a trial balance to disagree?
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