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Purchase daybook

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › 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
    Member
    • Topics: 158
    • Replies: 136
    • ☆☆☆

    If we do expenses on credit so will be recorded in Purchase daybook?

    October 26, 2021 at 8:37 am #639118
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    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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