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Purchase daybook

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

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October 25, 2021 at 7:35 pm #639096
James124
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If we do expenses on credit so will be recorded in Purchase daybook?
October 26, 2021 at 8:37 am #639118
John Moffat
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Yes, but we would use analysis columns (as we do in the cash book). The total column would be posted to payables and the analysis columns would be posted to the relevant expense accounts.
However you obviously cannot be asked to write up a purchase day book in the exam.
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