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Difference between purchase book and purchase …

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Difference between purchase book and purchase account?

Posted by Shivani Chaudhary 5 years, 10 months ago

CBSE > Class 11 > Accountancy

3 answers

Devanshi Tulsyan 5 years, 10 months ago

Purchase book is the part of journal whereas purchases account is the part of ledger....

Yogita Ingle 5 years, 10 months ago

Purchase book:

Purchase book is a subdivision of a journal which is not divided into credit or debt limits.
It contains the information about the credit purchases to the debit side of the purchase account.

Purchase account:

A purchase account is a ledger part that is divided into the credit and debt.
The purchase account will have all the information about the purchases of goods.

Harsh Gupta 5 years, 10 months ago

Purchase book are also known as purchase book purchase account are also known as purchase account

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