INTERVIEW QUESTIONS ACCOUNTING PROCESS SUBSIDIARY BOOKS DETAILS

Question: The total of the Purchase Day Book is posted periodically to
(a) Debit of purchases A/c
(b) Credit of purchases A/c
(c) Debit of sales A/c
(d) Credit of sales A/c

Answer: (a) Debit of purchases A/c
Description: Purchases is a nominal account and is an expense. As per nominal account rule all expenses and losses are debited. The total of the Purchase Day Book is posted to the debit of purchases account to indicate receipt of goods.

(a) Debit of purchases A/c
Description: Purchases is a nominal account and is an expense. As per nominal account rule all expenses and losses are debited. The total of the Purchase Day Book is posted to the debit of purchases account to indicate receipt of goods. Source: CoolInterview.com

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