INTERVIEW QUESTIONS ACCOUNTING PROCESS SUBSIDIARY BOOKS DETAILS

Question: Purchase of furniture on credit should be recorded in _________ a) Purchase Book b) Sales Book c) Cash Book d) Journal

Answer: (d) Journal
Description: Purchase of furniture is not for the trading purposes hence furniture cannot be included as goods and recorded in purchase book. Since the purchases are made on credit hence they cannot be entered in the cash book. Therefore, purchase of furniture will be recorded in journal.

(d) Journal
Description: Purchase of furniture is not for the trading purposes hence furniture cannot be included as goods and recorded in purchase book. Since the purchases are made on credit hence they cannot be entered in the cash book. Therefore, purchase of furniture will be recorded in journal. Source: CoolInterview.com

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