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Purchase day book

The purchases day book lists credit purchases of goods for resale from supplier invoices. The book acts as a list of source documents before posting: individual amounts go to supplier accounts and totals are posted to the relevant general-ledger accounts. Treatment of tax is recorded separately where it is recoverable. Check invoice details before posting. Returns of goods previously bought on credit are analysed in the purchases returns book.

Worked example

Credit inventory purchases of 500 are entered and posted to supplier and control accounts.

Common mistake

Cash purchases and purchases of non-current assets are not normally entered in this book.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA F1 Supporting July 2027–August 2028
ACCA F2 Supporting July 2027–August 2028
ACCA FA Direct September 2026–June 2027
ACCA K1 Supporting July 2027–August 2028
CIMA BA3 Direct Official assessment-window verification pending
FIA FFA Direct September 2026–June 2027

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