PRC-1 · Chapter 2 · Question 2 of 100
'Zenith Enterprises' purchased inventory on credit from 'Prime Wholesalers'. In which book of prime entry should 'Zenith Enterprises' record this transaction?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Purchases day book
Explanation
The purchases day book is specifically used to record the purchase of inventory items on credit from suppliers. Cash purchases would go in the cash book, and non-inventory purchases on credit would go in the general journal.
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