How is the total of purchases day book posted to the nominal ledger?
The answer is D
Dr Purchases
Cr payables control
Could you explain the answer for me in more detail, please?
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Question 3.17 - page20 from BPP kit
6y ago#1The purchases day book is simply a list of the purchases on credit during the period.
The total is then posted in the nominal ledger, and the double entry for credit purchases is always to debit purchases (an expense) and credit payables (a liability).
I do suggest that you watch my free lectures on this. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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